BTIG Upgrades SanDisk (SNDK) to Neutral

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Western Digital Announces Acquisition Of SanDisk

October 21, 2015 7:30 AM EDT

IRVINE, Calif. and MILPITAS, Calif., Oct. 21, 2015 /PRNewswire/ -- Western 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... More