WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 153.60

-2.8%

1:22 PM EST

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To: SiliconAlley who wrote (60233)	5/11/2016 7:04:36 PM
From: Art Bechhoefer	Read Replies (1) of 60323

In case you have a short memory, please recall that the original deal called for an investment of $4 billion from Chinese interests, but that offer was withdrawn after a couple of months, leaving only the alternative offer that provided a lower cash price for SNDK shares. One reason that the higher offer may have been withdrawn bears on my previous comments: The Chinese who wanted to take a significant position in the ownership of Western Digital saw an opportunity to buy it for less than their first offer. After all, you yourself have pointed out continually that WDC stock in the mid to upper $40s was a great investment opportunity. I hope you didn't buy too much at those prices, now that WDC is more reasonably priced. I have been quite open with my views on the merger. They are based not only on my ownership of both SNDK and WDC (WDC only much earlier), dating back to 1998 for SNDK. I understand the strong and weak points of both companies. Moreover, I have the experience of more than 60 years of investing to evaluate these stocks. Art

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