Simpson Thacher Represents JPMorgan as Financial Advisor to Western Digital in Its Announced Acquisition of SanDisk
12.04.15
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Simpson Thacher is representing J.P. Morgan Securities LLC as financial advisor to Western Digital Corporation (NASDAQ: WDC) in connection with its announced definitive agreement to acquire all of the outstanding shares of SanDisk Corporation (NASDAQ: SNDK) 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, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock.
Western Digital is an industry-leading developer and manufacturer of storage solutions that enable people to create, manage, experience and preserve digital content. SanDisk Corporation, a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions.
The Simpson Thacher team includes Kirsten Jensen and Daniel Saposnik (M&A – Palo Alto).