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Western Digital soars as activist Elliott calls for separation of flash business (update)

May 03, 2022 11:36 AM ETWestern Digital Corporation (WDC) StockSTX, MUBy: Joshua Fineman, SA News Editor20 Comments

Western Digital headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Updated 11:35am: Updates shares, adds Western Digital response.

Western Digital jumped 15% after activist Elliott Management disclosed a $1 billion, or 6% stake, and called for the company to separate its hard disk drives and NAND

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