Sandisk (SNDK) Tops Q3 EPS Views
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Jefferies Reiterates Buy on Western Digital (WDC) on Possible Merger with Sandisk (SNDK)
October 21, 2015 8:43 AM EDTJefferies reiterated a Buy rating on Western Digital Corp. (NASDAQ: WDC), and cut the price target to $111.00 (from $116.00), ahead of possible merger with Sandisk (NASDAQ: SNDK). Bloomberg has reported that WDC may acquire SNDK for... More
Western Digital (WDC) to Acquire SanDisk (SNDK) in $19B Deal
October 21, 2015 7:31 AM EDTWestern Digital® Corporation (NASDAQ: WDC) and SanDisk Corporation (NASDAQ: SNDK) today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share or a total equity value of approximately $19 billion, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock. If the previously announced investment in Western Digital by Unisplendour Corporation Limited closes... More
Sandisk (SNDK), Toshiba Enter New Y2 Facility Agreement
October 21, 2015 6:21 AM EDTSandisk (NASDAQ: SNDK) disclosed the following on Wednesday:
Item 1.01 Entry Into a Material Definitive Agreement
On October 20, 2015, SanDisk Corporation (SanDisk) entered into a New Y2 Facility Agreement (the Agreement) by and among SanDisk, several wholly owned SanDisk subsidiaries, Toshiba Corporation (Toshiba) and their semiconductor manufacturing joint ventures, Flash Partners, Ltd. (Flash Partners), Flash Alliance, Ltd. (Flash Alliance) and Flash Forward, Ltd. (Flash Forward, together with Flash Partners and Flash Alliance, Flash Ventures) setting forth their agreement regarding the construction and operation of a new 300-millimeter wafer fabrication facility in Yokkaichi, Japan, referred to as New Fab 2.... More
