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Technology Stocks : WDC/Sandisk Corporation

WDC 163.00

-0.4%

Nov 7 9:30 AM EST

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david1951

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From: Sam	2/23/2016 7:46:10 AM
	2 Recommendations of 60323

Western Digital says China's Unisplendour drops investment plan http://www.reuters.com/article/us-western-digital-investment-unisplendo-idUSKCN0VW12M excerpt: Western Digital also affirmed its commitment to buy SanDisk Corp ( SNDK.O) on Tuesday, a day after Alken Asset Management, one of the company's biggest shareholders, asked the company to drop the deal, citing a high purchase price. Western Digital shares were down 3 percent at $44.70 in premarket trading. SanDisk shares were little changed at $67.50. The hard-disk drive maker, which agreed to buy SanDisk in a $19 billion deal in October, had said then it would revise the offer if the Unisplendour investment fell through. Based on Western Digital's Monday close, the company said it would now pay $78.50 per share in cash and stock for SanDisk, compared with its previous offer of $86.50

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