alken-asset
Western Digital investor Alken pushes to cancel SanDisk deal
February 22, 2016 by elegant · Leave a Comment
Western Digital agreed to buy SanDisk in a $19 billion deal in October to help increase its ability to make flash memory storage chips used in smartphones and tablets. The London-based investment manager, Alken Asset, said weakness in the storage chip market has hurt Sandisk's stock price which in turn will hurt Western Digital if the deal goes through. “The price being paid for SanDisk is excessive in light of the changing landscape for SanDisk's products and capital markets…
Read more from the original source:
Western Digital investor Alken pushes to cancel SanDisk deal