they are talking about a hiving off of the companies less risky products into a fund.
wrt
the deal is 1 for 4.23 WDC shares @ $2.75
they are being sold at a 11% discount to the NTA
it doesn't seem to be a great deal
afterall most funds run at a discount of around 10% anyway, due to the lose of money that occurs due to the cost of hiring an investment bank.
I can buy about 500
