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Technology Stocks : WDC/Sandisk Corporation
WDC 171.98+5.5%9:43 AM EST
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From: Bruno Cipolla2/29/2016 10:46:15 AM
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"Analyst, Monika Garg, (Pacific Crest) highlighted that merger between the two companies was imminent, on account of an 8-K filing on Feb. 25 by Western Digital. The filing discusses in detail the buyout's financing, along with resulting synergies, while also addressing certain key investor concerns."
"Additionally the analyst also highlighted that 20 of the top 25 investors in Western Digital also held a key stake in SanDisk. These shareholders, according to Ms. Garg, would likely support the merger since the deal “makes strategic sense for both companies.”"
excerpts from here
WDC SEC 8K filing here
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