Under the terms of the transaction, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital
Western Digital
Western Digital Corporation is an American computer hard disk drive manufacturer and data storage company. It designs, manufactures and sells data technology products, including storage devices, data center systems and cloud storage services.
What happened to SanDisk?
Apr 13, 2022 · SanDisk has received 74.05% “outperform” votes from our community. MarketBeat's community ratings are surveys of what our community members think about SanDisk and other stocks. Vote “Outperform” if you believe SNDK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SNDK will underperform the S&P 500 ...
What is SanDisk's (SNDK) stock price?
Mar 19, 2022 · forbes.com - August 4 at 7:33 AM. Sandisk and Western Digital memory cards are up to 20% off during Amazon's one-day sale - Business Insider - Business Insider. www.businessinsider.com - July 15 at 8:18 AM.
Will SanDisk stock outperform or underperform the S&P 500 over the long term?
60-Month Beta: Coefficient that measures the volatility of a stock's returns relative to the market (S&P 500). It is based on a 60-month historical regression of the return on the stock onto the return on the S&P 500. Price/Sales: Latest closing price divided by the last 12 months of revenue/sales per share.
Is SanDisk owned by Western Digital?
May 12, 2016 · Under the terms of the transaction, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital common stock.
Who bought SanDisk?
Western Digital buys SanDisk on Oct. 21, 2015, hard-disk drive maker Western Digital Corporation agreed to buy SanDisk for a total equity value of $19 billion in cash and stock.Dec 1, 2020
Is WD and SanDisk merger?
Western Digital has now officially purchased flash memory manufacturer SanDisk after regulator approval was passed earlier this week. The agreement between the two storage companies was originally announced last October in a deal worth nearly $19 billion.May 12, 2016
Is SanDisk now Western Digital?
SanDisk was acquired by hard disk drive manufacturer Western Digital on May 12, 2016, for US$19 billion.
Who did wd buy?
SanDiskAcquisitionsAcquisition dateCompanyPriceMay 12, 2016SanDisk$19 billionAugust 28, 2017Upthere—September 2017Tegile—September 2019Kazan Networks—7 more rows
Does WD own Seagate?
Seagate and Western Digital (WD) are both well-known American computer hard disk manufacturers and data storage solution providers. They are two giants that dominate the hard disk market. Western Digital does not belong to Seagate, and vice versa.Nov 26, 2020
Is SanDisk Indian company?
SanDisk, the company that leads the world in USB drives and ultra-thin flash memory cards that go into smartphones, digital cameras and tablet computers, is mulling a manufacturing base in India, which, apart from already housing a technology centre, is also a hot market for the US-based company.Jun 22, 2011
Is SanDisk a good brand?
Reputable. Sandisk is top 3(Samsung, Intel, and Sandisk, there's other good ones too). That drive has 86% positive response at Newegg(3 eggs or better). Kinda slow write, but plenty fast read makes it good for a boot drive.Mar 7, 2016
Is SanDisk from China?
SanDisk products made in China.
What is the latest SanDisk?
“The Extreme PRO is SanDisk's new flagship SSD with a groundbreaking 10-year warranty and the best SATA III performance we've measured to date.” “The Extreme PRO is without a doubt the fastest SATA 6Gbps SSD in the market.”
Are SanDisk and WD same?
In addition to enterprise products, both WD and SanDisk are California-based companies heavily involved in different segments of the consumer data storage market, with WD offering desktop NAS drives and SanDisk operating as a leading provider of flash-based thumb drives and memory expansion cards.Oct 21, 2015
Who makes SanDisk SSD?
List of solid-state drive manufacturersNameDomiciled inManufactures flash-based SSDsSamsung ElectronicsSouth KoreaYesSanDiskUnited StatesFormerly, now a brand of WDSeagate TechnologyUnited States and IrelandYesSilicon PowerTaiwanYes55 more rows
Is Seagate better than WD?
As you can see, Seagate Internal Hard Drive is much better than Western Digital Internal Hard Drive in all terms. So, whether it's price, speed, or storage capacity, Seagate Internal Hard Drive will deliver better results by being cheaper and affordable than Western Digital Internal Hard Drive.Jan 21, 2022
Is SanDisk a good dividend stock?
SanDisk pays an annual dividend of $0.30 per share and currently has a dividend yield of 0.00%. View SanDisk's dividend history .
Who are some of SanDisk's key competitors?
Some companies that are related to SanDisk include NetApp (NTAP) , Western Digital (WDC) , Synaptics (SYNA) , Immersion (IMMR) and Intevac (I...
What other stocks do shareholders of SanDisk own?
Based on aggregate information from My MarketBeat watchlists, some companies that other SanDisk investors own include Tesla (TSLA) , Gilead Scien...
What is SanDisk's stock symbol?
SanDisk trades on the NASDAQ under the ticker symbol "SNDK."
What is SanDisk's stock price today?
One share of SNDK stock can currently be purchased for approximately $76.18.
What is SanDisk's official website?
The official website for SanDisk is www.sandisk.com .
Where are SanDisk's headquarters?
SanDisk is headquartered at 951 Sandisk Dr, MILPITAS, CA 95035-7933, United States .
How can I contact SanDisk?
SanDisk's mailing address is 951 Sandisk Dr, MILPITAS, CA 95035-7933, United States . The data storage provider can be reached via phone at +1-40...
China's regulator gives its nod to the big tech sector merger
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
What happened?
Western Digital 's ( NASDAQ:WDC) looming acquisition of solid-state drive-maker SanDisk (NASDAQ: SNDK) is about to be completed following a key approval. Both companies announced that China's Ministry of Commerce, that country's competition regulator, has granted its approval of the merger.
Does this matter to shareholders?
Although the deal itself will have a major impact on Western Digital and SanDisk, this latest development is only the culmination of a long process. Given that the acquisition won regulatory approval fairly easily in other markets, it wasn't a great surprise that the Chinese authorities waved it through, as well.
Market position evaporating in front of our eyes
Analysis Western Digital is letting its acquired market share in enterprise SSDs slip away from a revenue and capacity perspective as rival Micron - now infused with ex-SanDisk execs - keeps on growing like a weed.
Reg comment
No company spends $19bn to watch all that market share ebb away - WD executive jobs, or more likely those of the grunts, will be on the line if this continues.
When did SanDisk acquire Smart Storage Systems?
In July 2013, SanDisk acquired SMART Storage Systems, a producer of SSDs for the enterprise market, for US$307 million. In June 2014, SanDisk acquired Fusion-io, a producer of flash memory for enterprise data centers, for $1.1 billion.
Who makes SanDisk flash drives?
SanDisk is Western Digital's brand for flash memory products, including memory cards and readers, USB flash drives, and solid-state drives. The company was acquired by Western Digital in 2016. Western Digital is the fourth-largest manufacturer of flash memory having declined from third-largest in 2014.
Who is the founder of SanDisk?
SanDisk was founded in 1988 by Eli Harari, Sanjay Mehrotra, and Jack Yuan, incorporated at the time as SunDisk. SanDisk co-founder Eli Harari developed the Floating Gate EEPROM which proved the practicality, reliability and endurance of semiconductor-based data storage.
