Hitachi Ltd. , Japan’s second-largest manufacturer by revenue, climbed to a two-year high in Tokyo trading after agreeing to sell its hard-disk drive unit to Western Digital Corp. for about $4.3 billion.
Western Digital Corp., the maker of hard drives and home-entertainment devices, reached its highest in more than 15 years on speculation the company may go private following the potential buyout of Dell Inc.
Western Digital Corp., a maker of disk drives and networking products, raised its quarterly revenue forecast after rebounding from a flood in Thailand that devastated factories and constrained supplies.
Western Digital Corp.’s exports from Thailand may slide as much as 40 percent to 120 billion baht ($3.9 billion) this year after floods shut two of its plants, Thai Industry Minister Wannarat Charnnukul said.
Western Digital Corp climbed the most in more than four months after the California-based maker of disk drives and networking products raised its quarterly revenue forecast, citing its recovery from flooding in Thailand.