Western Digital in $19 Billion Acquisition of SanDisk
October 21, 2015
A team of Cleary Gottlieb lawyers are advising Western Digital on its acquisition of SanDisk.
Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share, or a total equity value of approximately $19 billion.
Cleary lawyers from several practice groups—M&A, finance, IP, antitrust, employee benefits, tax, litigation and others—helped lead Western Digital into this next step in its transformation into a storage solutions company with global scale, extensive product and technology assets, and deep expertise in nonvolatile memory. With this transaction, Western Digital doubles its addressable market and expands its participation in higher-growth segments.