Irvine-based Western Digital, the maker of disk drives, said today that it has authorized a $1.5 billion stock repurchase program, and will also shift its exchange listing to the NASDAQ Global Select market. WD said the shift to the NASDAQ represents a "new beginning" for the company following its acquisition of Hitachi Global Storage Technology (HGST); the shift occurs on June 1st. The company explained the share repurchase program will "create additional value for our customers and shareholders."
Top NewsMonday, May 21, 2012
WD Launches Stock Repurchase Program, Shifts To NASDAQ