- SanDisk (SNDK -1.1%) dropped 2% in the last few minutes on a Dow Jones report that Alken Asset Management, a key shareholder in Western Digital (NYSE:WDC), is opposing the company's $19B buyout of SanDisk due to its price.
- Alken, which owns about 2.2% of Western Digital, will vote against stock issuance that the company might need to wrap the deal, according to a letter to the board seen by The Wall Street Journal.
- Western Digital came to an agreement to acquire the flash storage maker in October.