Merger talks between Western Digital and Kioxia are advancing and the companies have figured out a rough structure that would eventually involve a dual-listing in Japan, Bloomberg’s Liana Baker and Manuel Baigorri report. According to people familiar with the matter, under terms being discussed, Western Digital would spin off its flash business and merge it with Kioxia, creating a publicly traded company in the U.S. Western Digital management is expected to run the combined company, the people said. See Insiders’ Hot Stocks on TipRanks >>
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