Western Digital’s Board of Directors was sent a letter recently by activist shareholder Elliott asking for the company to be split into two parts: one for HDDs and one for flash. The reason given was that the company’s SanDisk acquisition was not performing well.
Elliott currently holds a 6% stake in WDC.
According to an article in Reuter’s, Elliot’s letter said: Continue reading “WDC: To Split, or Not to Split?”