TOKYO and HUTCHINSON, MN – TDK and Hutchinson Technology have entered into a merger agreement under which TDK will acquire all outstanding shares of common stock of HTI for base consideration of $3.62 per share, plus additional consideration of up to $0.38 per share.

SAN JOSE, CA – Power Design Services reported a year-to-date revenue increase of more than 28% compared to 2014. The firm expects record revenue for full-year 2015.