June 24, 2013 / 12:10 PM / 4 years ago

Western Digital to buy Stec for about $340 mln

June 24 (Reuters) - Hard drive maker Western Digital Corp said it would buy solid-state drive maker Stec Inc for about $340 million in cash.

The offer of $6.85 per share represents a 91 percent premium to Stec’s closing share price on Friday.

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