SanDisk's Weak Q3 Results Overshadowed By Western Digital Acquisition News

Revenues have been low throughout the year, with combined revenues from Q1 through Q3 falling by 18% y-o-y to just over $4 billion. Over the last month or so, there was speculation about a possible acquisition by Western Digital or Micron Technology. Just before its scheduled earnings call, SanDisk confirmed that it had entered into a definitive agreement whereby it will be acquired by Western Digital. The deal is valued at $86.50 per share, with Western Digital paying $85.10 in cash along with ...