Armour and Western Digital speed up merger negotiations

[armour and Western Digital speed up merger negotiations] Science and Technology Innovation Board Daily reported on the 15th that due to the decline in demand for memory chips, Shexia and Western Digital are speeding up merger negotiations and finalizing the transaction structure. According to the plan currently under development, the combined company will be 43 per cent owned by Shexia, 37 per cent by Western Digital and the rest by existing shareholders of the two companies. The two sides are still in the negotiation stage and no decision has been made yet, so the details may change. (Reuters)