NEW YORK--(BUSINESS WIRE)--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.
Click here for more information: www.faruqilaw.com/SNDK. There is no cost or obligation to you.
The investigation focuses on whether SanDisk’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of SanDisk’s shareholders.
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If you own common stock in SanDisk and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SNDK or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
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Attn: Juan E. Monteverde, Esq.
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Phone: (212) 983-9330
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