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Stock Market & Financial Investment News

News Breaks
March 13, 2013
10:31 EDTWDCWestern Digital calls active on renewed takeover chatter
Western Digital March 50 and April 55 calls are active on total call volume of 6,100 contracts (850 puts) following renewed takeover chatter. April call option implied volatility is at 32, July is at 31; compared to its 26-week average of 37 according to Track Data. Active call volume suggests traders taking positions for larger price movement.
News For WDC From The Last 14 Days
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November 17, 2015
11:10 EDTWDCMicron the most likely target for Tsinghua stake, says Macquarie
Macquarie analyst Deepon Nag highlighted yesterday that Tsinghua Unigroup Chairman Zhao Weiguo told Reuters in an interview that his company was in talks with a U.S. semiconductor company, and that a deal could be announced as early as the end of the month. Zhao stated that a majority stake was unlikely due to regulatory concerns. Given recent moves by China in the memory market, Micron (MU) is the most likely target for Tsinghua, Nag wrote in a note to investors. Tsinghua recently announced a 15% stake in Western Digital (WDC) at a 33% premium to the company's prior closing price. A similar premium for Micron would lead to a 15% stake in Micron for $20 per share, which would equal $3.4B, the analyst points out. Shares of Micron are up 46c, or 3%, to $15.35 in late morning trading. Nag has an Outperform rating on Micron with a $30 price target.

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