- With the final approval in place from China's Ministry of Commerce, Western Digital (NASDAQ:WDC +0.2%) today has closed on its acquisition of SanDisk (SNDK).
- Debt financing has been consummated and funds released from escrow. SanDisk owners receive $67.50 in cash and 0.2387 shares of Western Digital for each of their SanDisk shares; SNDK closed yesterday at $76.18.
- The deal had previously cleared hurdles in the U.S., EU, Singapore, Japan, Taiwan, South Korea, South Africa and Turkey.
- Integration begins immediately with Steve Milligan continuing as CEO of Western Digital, while SanDisk co-founder, President and CEO Sanjay Mehrotra will join the WDC board.
- Now read Western Digital Stock Is A Contrarian Value Play »
Western Digital closes $15B-plus acquisition of SanDisk
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| Symbol | Last Price | % Chg |
|---|---|---|
| WDC | - | - |
| Western Digital Corporation | ||