Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: JCnieuwenj who wrote (59919)	2/22/2016 3:53:52 PM
From: Art Bechhoefer	3 Recommendations Recommended By alanrs BeenRetired david1951 Read Replies (1) \| Respond to of 60323

If WDC shareholders vote down the issue of stock to cover part of the cost of the SNDK acquisition, then SNDK, if I understand the terms of the offer correctly, picks up $184 million if the merger is cancelled. That doesn't bother me at all, because I think that SNDK has intrinsic value that would justify a price near $75, based on its own fundamentals. The company has a lot of cash, which makes it attractive to more suitors than just WDC. I just hope that if the merger doesn't go through, SNDK will reinstate and possibly raise its dividend. Art