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Jun. 25, 2002

HITACHI PAYS $2 BILLION FOR IBM'S HARD DRIVES

Hitachi has agreed to acquire the hard disk drive business of International Business Machines Corp. The deal is worth $2 billion. Hitachi will pay 70 percent of that price at closing and the remaining 30 percent over the next three years. The deal was announced June 3.

        Hitachi has agreed to acquire the hard disk drive business of International Business Machines Corp. The deal is worth $2 billion. Hitachi will pay 70 percent of that price at closing and the remaining 30 percent over the next three years. The deal was announced June 3.
        Tokyo's Hitachi produces and sells electronic and industrial equipment. Its products include semiconductors, el...

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