Status: Withdrawn; Abandoned

On September 30, 2015, San-Jose based Western Digital Corporation, one of the world’s largest hard disk drive manufacturers, announced that Unis Union Information System Ltd., a Hong Kong corporation and subsidiary of Unisplendour Corporation Limited, a Chinese corporation dedicated to research, development, production, sales and service of IT products and solutions, would make a US$3.775 billion investment in Western Digital resulting in approximately 15% ownership of Western Digital. (See SEC Filing, Western Digital Corporation, Form 8-K, Sept. 30, 2015.)  On February 23, 2016, Western Digital announced its agreement with Unisplendour Corp. and Unis Union has been terminated by Unis Union “after a decision by the Committee on Foreign Investment in the United States (CFIUS) to conduct an investigation into the proposed investment.”  (See SEC Filing, Western Digital Corporation, Form 8-K, Ex. 99.1, Feb. 23, 2016.) Under the agreement, the CFIUS decision to initiate an investigation triggered a 15-day period during which either Western Digital or Unis Union could terminate the stock purchase agreement without any penalty. (Id.)