Objections of EU to HGST Acquisition by Western Digital

This information was published by WD on a SEC filing:

On August 18, 2011, the European Commission issued a Statement of Objections relating to the proposed acquisition by Western Digital Corporation of Viviti Technologies Ltd. (formerly known as Hitachi Global Storage Technologies Holdings Pte. Ltd.), a wholly-owned subsidiary of Hitachi Ltd.

The Statement of Objections sets out the European Commission’s preliminary assessment regarding the combination of the Company and Viviti and its potential effects on competition.

A Statement of Objections is a preparatory document that does not prejudge the European Commission’s final decision.

The issuing of a Statement of Objections allows recipients to present arguments in response to the European Commission’s preliminary assessment of the competitive effects of a notified transaction.

Subject to obtaining the required regulatory approvals or expiration of applicable waiting periods in the European Union and other remaining jurisdictions, the Company expects the transaction to close during the fourth calendar quarter of this year.

Read also this article from the Financial Times:
Brussels objects to Western Digital M&A deal
Europe’s top competition regulator has issued a complaint against Western Digital’s proposed acquisition of an Asian competitor, while offering a reprieve to Seagate, another US hard drive maker preparing a takeover in Asia.