Western Digital (WDC) +2.1% premarket after agreeing to sell Toshiba a portion of Hitachi's...

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

Western Digital (WDC+2.1% premarket after agreeing to sell Toshiba a portion of Hitachi's (HIT) 3.5-inch drive business to ease regulatory concerns over its planned acquisition by WDC. Brean Murray raises its price target to $45 from $42, noting the newspaper Nikkei reported the volumes to be sold were ~25K units, or ~25%-30% of estimated 2012 HIT volume.