SANDISK CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
November 10 2015 - 11:58AM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of SanDisk
Corporation (NASDAQ GS: SNDK)?
- Did you purchase any of your shares
prior to October 21, 2015?
- Do you think the proposed buyout
value is too low?
- 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151110006477/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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