Sandisk (SNDK) Stock: Western Digital Dumps $3.17 Billion Position at a Discount

TLDR Western Digital is selling 5.8 million Sandisk shares, raising $3.17 billion Shares are being sold at a 7.7% discount to Sandisk’s last close of $626.56 J.P. Morgan and BofA affiliates are exchanging the shares for Western Digital debt Sandisk stock fell 1% after-hours Tuesday, then another 1.5% in Wednesday premarket Western Digital will retain [...]

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