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

To: SiliconAlley who wrote (59931)	2/23/2016 10:30:07 AM
From: sylvester80	Read Replies (1) \| Respond to of 60323

>>>>The deal, as agreed to, is $86.50 as a mix of cash and WDC shares, with WDC share value pegged as of the time of the merger agreement at $79.5957. As an example, the deal could close at $77 cash plus 0.11935 shares of WDC, without the need for Western Digital shareholder approval. At the moment, that value is just over $82. That was the old $19b deal. The new deal is $15.78b 2/23/2016 10:12 Western Digital cuts SanDisk offer after China deal collapses finance.yahoo.com Western Digital to buy SanDisk for $15.78 bln Offer cut by more than $3 bln 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.