SanDisk (SNDK) Up on Seagate (STX) Takeover Rumor

August 14, 2008 2:32 PM EDT
According to reports from the EE Times, there are rumors Seagate Technology (NYSE: STX) is in buying all or part of SanDisk (Nasdaq: SNDK). The report said some analysts dismissed the rumor, saying it would be a bad marriage.

Shares of SanDisk are up 8% and Segate is up 1.8% in afternoon trading Thursday.

Link to EE Times Article.

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