Recently, Western Digital Corporation and SanDisk company issued a separate press release, which reported on the vote of shareholders on the sale of SanDisk company shares to Western Digital Corporation. Among the SanDisk shareholders approve the deal was 98% of the participants, and among the shareholders of Western Digital Corporation - 90%. Some shareholders of Western Digital Corporation, we recall , considered the valuation of SanDisk excessively inflated. Nevertheless, the majority of votes approved the purchase of SanDisk shares . This also means that the company Western Digital Corporation will release an additional amount of shares to carry out all necessary operations.
The transaction is expected to be completed during the second quarter. The transaction amount was reduced from $ 19 billion To $ 15.8 billion. This condition was stipulated in the case of the Chinese company Unisplendour Corporation Limited (Unis) are not allowed to buy back 15% of the company Western Digital Corporation, what was agreed even before the announcement of the transaction with SanDisk. The Chinese really forbidden to buy shares of Western Digital Corporation, so the price of SanDisk has also been reduced. Regulatory agencies in the US and the European Union have allowed a deal between Western Digital Corporation and SanDisk.
Buying SanDisk's open company Western Digital Corporation path to the consumer SSD and NAND-flash-house production.