Reports has it that the deal values sandisk at about $186.50 per share, that is a 15% premium on yesterday’s closing price, which gives the company a value of $15.4b.
Despite its(San Disk) expanded growth, San Disk of late reported a huge lag behind expectation. More also, western Digital is currently monitoring its core business growing towards flash memory development.
It is also expected that at the end of the deal, the San Disk CEO Mr. Sanjay Mehrotra will join the Western
Digital board which the Western Digital Boss Mr. Steve Milhgan continues in his capacity.
Iheyi Richard is a Computer Engineer, a Technologist and a Blogger. Graduated with several degrees in Engineering and Engineering technology.
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