Needham & Company Leans More Toward Sandisk (SNDK)/Micron (MU) Deal Versus Sandisk/Western Digital (WDC)
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Western Digital (WDC) Seen as More Logical Acquirer of SanDisk (SNDK) at FBN Securities (MU)
October 14, 2015 9:49 AM EDTCommenting on rumors SanDisk (NASDAQ: SNDK) attracted takeover interest from Western Digital (NASDAQ: WDC) and Micron Technology (NASDAQ: MU), FBN Securities analyst Shebly Seyrafi said he thinks Western Digital is a more logical acquirer.
Seyrafi noted that HDD companies are facing challenges to their core business from flash and SSDs, so these companies could be interested in SanDisk as a hedge. He also pointed out a recent cash injection of $3.8 billion to WDC from China Tsinghua.
Seyrafi explained,... More
Sandisk (SNDK) Deal Makes Most Sense for Western Digital (WDC) - FBN
October 14, 2015 9:46 AM EDTFBN Securities is out with commentary on SanDisk (Nasdaq: SNDK) following reports that the company tapped bankers to evaluate a sale.
Analyst Shebly Seyrafi mused on the potential of either Micron (Nasdaq: MU) of Western Digital (Nasdaq: WDC) making a move for the company:
Reasons for WDC to do the deal. There are several factors which would support a deal from WDC: 1.) WDC has already shown an interest in increasing its presence in flash. The company... MoreMicron (MU), Western Digital (WDC) Deal for Sandisk (SNDK) Feasible, But Fundamentals Remain Weak - Cowen
October 14, 2015 8:15 AM EDTCowen and Company is out with commentary on SanDisk (Nasdaq: SNDK) following news that the company... More
Micron, Western Digital in buyout talks with SanDisk: Bloomberg
October 13, 2015 4:49 PM EDT(Reuters) - Chipmaker Micron Technology Inc (NASDAQ: MU) and hard disk drive maker Western Digital Corp (NASDAQ: WDC) are in talks with memory chip maker SanDisk Corp (NASDAQ: SNDK) about a possible acquisition, Bloomberg reported on Tuesday.
SanDisk, valued at about $12.6 billion as of the stock's close on Tuesday, has hired a bank to help with the process, Bloomberg reported, citing sources familiar with the matter.
No decision has been made and the... More
Sandisk (SNDK) Said to Draw Interest from Micron (MU), Western Digital (WDC) - Bloomberg
October 13, 2015 4:26 PM EDTSandisk Corp. (NASDAQ: SNDK) hired bankers for a potential sale after received takeover interest from Micron Technology (NASDAQ: MU) and Western Digital (NASDAQ: WDC), according to Bloomberg sources.
The report notes a deal would likely need a blessing from Sandisk's flash partner Toshiba.
... MoreWestern Digital (WDC) on Watch on Reports Sandisk (SNDK) is for Sale
October 13, 2015 4:25 PM EDTWestern Digital (NASDAQ: WDC) is on watch amid headlines from Bloomberg that Sandisk Corp. (NASDAQ: SNDK) is working with banker to explore sale.
WDC has been a rumored suitor of WDC.
... MoreSandisk Corp. (SNDK) said working with banker to explore sale - Bloomberg
October 13, 2015 4:21 PM EDTSandisk Corp. (NASDAQ: SNDK) said working with banker to explore sale, according to Bloomberg.
UPDATE - According to market reports, interested parties may include Micron (Nasdaq: MU) and Western Digital... More
