Don't let their recent bullishness deter you. Both underlying companies should continue firing on all cylinders, even if other growth names start to struggle from here.
Western Digital Corp. (NASDAQ: WDC) officially completed its long-awaited separation from the flash memory market today, announcing the sale of its remaining 7.5 million share stake in the newly independent SanDisk (NASDAQ: SNDK). The transaction, structured as a secondary public offering to raise approximately $3.1 billion, marks the
Sandisk Corporation (Nasdaq: SNDK) (the “Company” or “Sandisk”) announced today the pricing of a secondary public offering (the “Offering”) of 5,821,135 shares of its common stock (the “SNDK Shares”) currently owned by Western Digital Corporation, the Company’s former parent (“WDC”). The SNDK Shares will be offered at a public offering price of $545.00 per share. Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below).
Sandisk Corporation (Nasdaq: SNDK) (the “Company” or “Sandisk”) announced today the launch of a secondary public offering (the “Offering”) of $3,085,774,648 of shares of its common stock (the “SNDK Shares”) currently owned by Western Digital Corporation, the Company’s former parent (“WDC”). Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below).
