Western Digital (WDC) gains 0.8% after its acquisition of Hitachi's (HIT) hard drive business is...

|About: Western Digital Corporation (WDC)|By:, SA News Editor

Western Digital (WDC) gains 0.8% after its acquisition of Hitachi's (HIT) hard drive business is given a green light by EU regulators. In return for the go-ahead, Western Digital has agreed to sell a hard drive manufacturing plant and other "essential production assets." Archrival Seagate's (STX) purchase of Samsung's hard drive division was cleared in October. (yesterday)