HALISTER: Western Digital to Buy Sandisk, to Cut Debt by $3b

Western Digital to Buy Sandisk, to Cut Debt by $3b

(Bloomberg) -- Western Digital will pay $67.50/shr in cash and 0.2387 shares of Western Digital common stock per share of SanDisk Common stock
  • Acquisition of SanDisk expected to close in 2Q calendar of 2016
  • Says Unis union terminates investment agreement after CFIUS ruling
  • Western Digital committed to creating significant value through SanDisk acquisition
  • In addition, Western Digital expects to achieve rapid deleveraging, reducing debt by $3b within a short period of time after closing of transaction
  • Statement:Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SNDK US (SanDisk Corp)
WDC US (Western Digital Corp)

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