Western Digital SanDisk, Western Digital Corp. agreed to buy SanDisk Corp. for about $19 billion in banknote and stock, a accord that positions the aggregation for advance in the rapidly evolving server and accumulator industry.
The action ethics SanDisk at $86.50 a share, a 15% exceptional to Tuesday’s close. SanDisk shares rose 6.2% to $79.84 premarket. Western Digital was halted.
SanDisk was anticipation to be arcade for a buyer, and industry watchers had said Western Digital would be a analytic candidate.
Western Digital is adverse challenges to its amount hard-disk-drive businesses from beam and solid-state drives, or SSDs, and accepting SanDisk could be a barrier and as a disciplinarian of new growth.
The action ethics SanDisk at $86.50 a share, a 15% exceptional to Tuesday’s close. SanDisk shares rose 6.2% to $79.84 premarket. Western Digital was halted.
SanDisk was anticipation to be arcade for a buyer, and industry watchers had said Western Digital would be a analytic candidate.
Western Digital is adverse challenges to its amount hard-disk-drive businesses from beam and solid-state drives, or SSDs, and accepting SanDisk could be a barrier and as a disciplinarian of new growth.
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