Western Digital Corp (WDC.OQ)
* Western Digital announces financial results for fourth quarter and fiscal year 2016
* Q4 non-gaap gross margin is expected to be approximately 31 percent, consistent with its earlier forecast
NEW YORK, June 30 (IFR) - Leveraged finance bankers are expecting a paltry second half in US high-yield as worries about volatility, dwindling refinancing opportunities and a drought in M&A keep a lid on new business.
BRIEF-Western Digital receives notice of an unsolicited mini-tender offer to purchase up to 2.5 mln shares
* Received notice of an unsolicited mini-tender offer to purchase up to 2.5 million shares
* Western Digital updates status of conversions of SanDisk convertible notes
* Expects its q4 revenue in range of $3.35 billion to $3.45 billion
* Western Digital acquisition of SanDisk receives approval from China's Ministry Of Commerce
* Western Digital expects transaction to close on Thursday, May 12, 2016
* Says joined three media and entertainment (m&e) industry technical organizations Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
NEW YORK, March 31 (IFR) - Western Digital hit a few roadblocks in the junk bond market this week, putting bankers on edge about other big M&A bonds in the works including a massive trade from Dell.
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