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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST
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To: Art Bechhoefer who wrote (59912)2/19/2016 1:43:49 PM
From: SiliconAlley   of 60323
 
I do not understand why you portray this as which of us is correct. I have made no predictions as to what the final price will be, if the transaction occurs at all. I have merely provided facts as to the terms of the transaction itself.

Your statement has been that the $86.50 transaction looks better than ever, a statement of rising probabilities. Yet you have failed to provide any relevant data points on why you believe the probability has risen.

While I believe you are hopeful, and excessively optimistic about an $86.50 takeout, wishful thinking should not be mistaken for facts. The facts are that regulatory hurdles and shareholder votes continue to stand in the way of either transaction, and there is no public information currently available that would help predict either option. I believe your statements that probabilities have risen, without supporting facts, are reckless.

The market does not reflect a belief in $86.50, as evidenced by the current share price as well as option pricing. While $86.50 may very well happen, those odds have only worsened since the deal announcement, based on (1) CFIUS delays resulting from withdrawal/refiling, and (2) reduction in time until SanDisk closure. Those are the facts.
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