Terms of the transaction call for Western Digital to pay $32.25 for all of the outstanding shares of Komag common stock in a cash tender offer. The deal will lead to a merger of a wholly-owned unit of Western Digital into Komag in which the remaining shareholders of Komag will be paid $32.25 in cash.

The transaction has been unanimously approved by the board of directors of each company and is subject to customary closing conditions, including regulatory approvals, and is expected to close in the third quarter of this year.

By: DocMemory
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