Rosen Law Firm, a global investor rights law firm, announces that it is
investigating the Board of Directors of SanDisk Corporation
(NASDAQ:SNDK) for possible breaches of fiduciary duty and other
violations of law by failing to adequately shop SanDisk to maximize
shareholder value before agreeing to be acquired by Western Digital
Corporation (NASDAQ:WDC).
If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-759.html
or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via
e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com. There
is no cost or obligation to you.
Under the terms of the proposed transaction, shareholders will receive
$67.50 in cash and 0.2387 shares of Western Digital common stock for
each share of SanDisk’s common stock they own if the previously
announced investment in Western Digital by Unisplendour Corporation
Limited has not occurred. Shareholders will receive $85.10 in cash and
0.0176 shares of Western Digital common stock for each share of
SanDisk’s common stock they own if the Unisplendour transaction closes
prior to this proposed transaction. The proposed transaction is valued
at approximately $19 billion. The investigation relates to whether the
proposal is fair to the public shareholders of SanDisk and whether
SanDisk’s Board breached its fiduciary duties in connection with the
proposed sale.
If you currently own shares of SanDisk and wish to obtain additional
information, please visit the firm’s website at http://rosenlegal.com/cases-759.html.
You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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