Western Digital to sell $3.17 billion stake in Sandisk
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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)
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