The deal involves the sale of more than 5.8 million Sandisk shares at $545 per share. The offering represents a discount of about 7.7% compared with Sandisk’s previous closing price of $590.59, News.Az reports, citing Reuters.
Western Digital, known for manufacturing hard disk drives and storage technology, is reducing its holding as part of the transaction.
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Further details about the purpose of the sale were not immediately disclosed.
