WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 165.85

+3.6%

2:56 PM EST

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To: Art Bechhoefer who wrote (60188)	5/3/2016 1:32:31 PM
From: SiliconAlley	of 60323

I've done the math. You don't state the SNDK trading price corresponding to the WDC trading price you quote, so these won't match up. As you say, the deal value is currently 76.87. Sandisk is currently trading at $75.24. Based you your calculation, and with CURRENT SNDK trading price, that is a discount of 1.63. 1.63/76.87 = 2.1% . The numbers are bumping around as we trade through the day, and both prices need to be recorded simultaneously, but both these numbers tell the same story. No perceived risk that the deal does not close in the near term. Past prices have nothing to do with discount value. That discount is calculated by deal terms, WDC trading level, and corresponding SNDK trading level.

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