Western Digital to sell $3.17 billion stake in Sandisk
Tweet
Share
E-mail
SanDisk's portable solid state drives are displayed at the SanDisk booth during the 2015 Computex exhibition at the TWTC Nangang exhibition hall in Taipei, Taiwan, June 2, 2015. REUTERS/Pichi Chuang/File Photo
Feb 18 (Reuters) - Flash memory maker Sandisk on Wednesday said that Western Digital will sell a stake worth $3.17 billion in the company.
Western Digital, which makes hard disk drives, will sell over 5.8 million shares of Sandisk at $545 each, Sandisk said.
The offering is at a discount of about 7.7% to Sandisk's last close of $590.59 on Tuesday.
(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Mrigank Dhaniwala)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Six dead in Indiana after storms and floods, emergency officials say
- Between cartel threats and US airstrikes, Ecuador fishermen have nowhere to hide
- Peru's economic growth slows to 1.75% in June
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
