Faruqi & Faruqi Investigation: SanDisk Corp.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SanDisk Corp. (“SanDisk” or the “Company”) (NasdaqGS:SNDK) for potential breaches of fiduciary duties in connection with the sale of the Company to Western Digital Corporation for approximately $19 billion in a cash and common stock transaction.
The Company’s stockholders will only receive $67.50 in cash and 0.2387 shares of Western Digital common stock for each share of Company common stock they own, or approximately $84.20 if the previously announced investment in Western Digital by Unisplendour Corporation Limited ("Unisplendour") has not occurred. However, if the Unisplendour transaction closes prior to this acquisition, the Company’s stockholders will only receive $85.10 in cash and 0.0176 shares of Western Digital common stock for each share of Company common stock they own, or approximately $86.33. However, at least one analyst has set a price target for SanDisk stock at $90.00 per share.
If you own common stock in SanDisk and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.