UBS Upgrades Western Digital Corp. (WDC) to Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/27/2026
- Wall Street stocks end tad lower after hot inflation data ahead of Nvidia earnings
- Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run
- Oil settles down after choppy session as investors weigh Hormuz talks
- Meta to pay up to $16.68 billion in mass social media settlement
- Anthropic agrees to $45bn cloud computing deal with Nscale - report
- Nutanix (NTNX) Tops Q4 EPS by 11c, Beats in Revenue; Offers Q1 Revenue Guidance
- Boston Scientific discloses cybersecurity incident causing global disruption
- Crude Inventory Rose 0.1 Million Barrels Last Week - EIA
- FDA approves Revolution Medicines pancreatic cancer drug Rasonque
- NVIDIA (NVDA) Tops Q2 EPS by 14c, Offers Guidance
BMO Believes the Western Digiatl (WDC)/SanDisk (SNDK) Deal is Too Expensive
October 22, 2015 7:48 AM EDTWDC (NYSE: WDC) announced Wedensday that it will acquire SanDisk (NASDAQ: SNDK) for $86.50 per share, or an equity value of approximately $19 billion. The problem is the amount of debt taken on to enter another business that is volatile at best and declining at worst.
BMO Capital analyst, Keith Bachman, believes the transaction is expensive. Based on his SNDK... More
Western Digital (WDC) Has Proven M&A Track Record; Baird Maintains at 'Outperform' Amid SanDisk Deal
October 21, 2015 2:35 PM EDTBaird reaffirmed its Outperform rating and $105 price target on Western Digital (Nasdaq: WDC) following news that the company would acquire SanDisk (Nasdaq: SNDK), which was announced earlier Wednesday.
Analyst Jayson Noland noted the following... More
Western Digital's (WDC) Price Target Trimmed at FBN
October 21, 2015 11:20 AM EDTFBN Securities maintained a Sector Perform rating on Western Digital Corp. (NASDAQ: WDC) and lowered its price target to $80.00 (from $90.00). Analyst Shebly Seyrafi noted increased integration challenges given its deal to acquire Sandisk (NASDAQ: SNDK).
"This morning,... More
Western Digital to buy SanDisk in $19 billion deal
October 21, 2015 7:37 AM EDTBy Devika Krishna Kumar and Abhirup Roy
(Reuters) - Hard-disk drive maker Western Digital Corp (NASDAQ: WDC) agreed to buy SanDisk Corp (NASDAQ: SNDK) in a $19 billion deal that will increase its ability to make flash memory storage chips used in smartphones and tablets.
SanDisk shares hit a high of $78.50 on Wednesday, but closed nearly $10 below the offer price of $86.50 in cash and stock, a fact that analysts attributed to the deal's complexity.
Western Digital said the value of the transaction hinges on... 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
