INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of SanDisk Corp. And Encourages Investors To C...
October 27 2015 - 5:27PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of SanDisk Corp. (NasdaqGS: SNDK)
(“SanDisk” or the “Company”) relating to the proposed buyout of the
Company by Western Digital Corp., in a transaction valued at
approximately $19 billion.
Under the terms of the transaction, SanDisk shareholders are
anticipated to 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 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 firm’s investigation seeks to determine, among other things,
whether the Company’s Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company’s shares of common
stock.
If you currently own common stock of SanDisk and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20151027007077/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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