Hitachi Ltd. ADR (HTHIY) - OTCPK - Current
  • Feb. 29, 2012, 9:29 AM

    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.

    | Feb. 29, 2012, 9:29 AM
  • Nov. 16, 2011, 12:25 PM

    Western Digital (WDC +8.4%) jumps after Reuters reports that the EU plans to conditionally approve its bid to acquire Hitachi's (HIT -1.4%) hard disk drive business. Separately, the company also says it's inked a supply agreement with TDK for hard-disk-drive components starting in the first quarter, which should alleviate some of the production problems the company is experiencing due to  Thailand floods. 

    | Nov. 16, 2011, 12:25 PM
  • Aug. 31, 2011, 3:36 PM

    AU Optronics (AUO) is up 4.6% on the day, as the company announces a business restructuring, and the planned merger of Sony (SNE), Hitachi (HIT), and Toshiba's display ops feeds hopes of lower capacity growth and stronger pricing for the LCD panel market. Fellow panel maker LG Display (LPL +1%) is clocking a more modest gain.

    | Aug. 31, 2011, 3:36 PM
  • Aug. 19, 2011, 3:27 PM

    Western Digital's (WDC -5.1%) proposed acquisition of Hitachi's (HIT -1.8%) hard-disk drive business may not be going as smoothly as hoped, as the company discloses in an SEC filing that the European Commission issued a "statement of objections" related to the deal and the effect it would have on competition.

    | Aug. 19, 2011, 3:27 PM
  • Aug. 4, 2011, 7:56 AM

    Sources say Hitachi (HIT -4.8%) and Mitsubishi Heavy (MHVYF.PK) are discussing merging some of their ops despite officials denying the talks even after Hitachi's president said on TV a deal was in the works. The negotiations almost stalled following the media reports of the discussions. (previous)

    | Aug. 4, 2011, 7:56 AM
  • Aug. 3, 2011, 3:53 PM
    Nikkei reports Hitachi (HIT +5.3%) and Mitsubishi Heavy Industries (MHVYF.PK) are set to announce the beginning of talks aimed at a merger. The combination would create one of the world's largest infrastructure companies.
    | Aug. 3, 2011, 3:53 PM
Company Description
Hitachi and its subsidiaries are engaged in the development, production, sale and service of electrical machinery, semiconductors and computers. Co. is divided into seven business divisions: information & communication systems, electronic devices, digital media & consumer products, high... More
Industry: Heavy Construction
Country: Japan