Creating Two Independent Public Companies
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Benefits to Western Digital Shareholders
The culmination of a detailed, broad and comprehensive Strategic Review
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TM
1 Unlocking value from the creation of two independent public companies.
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Allowing shareholders to participate in the upside of two industry leaders with distinct
growth and investment profiles
Streamlined management focus to execute on unique opportunities & achieve
investment objectives in their respective markets
Respective capital structures optimized to reflect different growth and cash flow
profiles of each company as well as capital return to shareholders
5 Clarity of investment profile for Wall Street, opportunity to expand investor base
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