Hitachi plans U.S. IPO

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Hitachi plans U.S. IPO of hard-drive unit-sources
Hitachi Ltd is planning an initial public offering of its hard-drive unit in the United States, possibly by year’s end, sources familiar with the situation said. Bankers are in discussions with the Japanese company about an IPO, and underwriters could be named in early September, the sources said. Goldman Sachs has unofficially been named one of the underwriters, they said.