Rigrodsky & Long, P.A.:
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Do you own shares of SanDisk Corporation (NASDAQ GS: SNDK)?
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Did you purchase any of your shares prior to October 21, 2015?
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Do you think the proposed buyout value is too low?
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Do you want to discuss your rights?
Rigrodsky
& Long, P.A. announces that it is investigating potential legal
claims against the board of directors of SanDisk Corp. (“SanDisk” or the
“Company”) (NASDAQ GS: SNDK)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company’s entry into an agreement to be acquired by
Western Digital Corp. (“Western Digital”) (NASDAQ GS: WDC),
in a transaction valued at approximately $19 billion.
Click here to learn more: http://rigrodskylong.com/investigations/sandisk-corp-sndk.
Under the terms of the agreement, shareholders of SanDisk will receive
$67.50 in cash and 0.2387 shares of Western Digital common stock per
share of SanDisk common stock if the previously announced investment in
Western Digital by Unisplendour Corporation Limited (“Unisplendour”) has
not occurred, or $85.10 in cash and 0.0176 shares of Western Digital
common stock per share of SanDisk common stock if the Unisplendour
transaction closes.
The investigation concerns whether SanDisk’s board of directors failed
to adequately shop the Company and obtain the best possible value for
SanDisk’s shareholders before entering into the agreement with Western
Digital.
If you own the common stock of SanDisk and purchased your shares before
October 21, 2015, if you have information or would like to learn more
about these claims, or if you wish to discuss these matters or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com,
or at: http://rigrodskylong.com/investigations/sandisk-corp-sndk.
Rigrodsky
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151110006477/en/
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