Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake Almost exactly a year after the spinoff officially closed on Feb. 24 last year, Western Digital is seeking to raise $3.09 billion from the sale of its remaining equity stake in Sandisk. While WDC has risen dramatically, SNDK has been on quite a tear since the spin-off… Chief Financial Officer Kris Sennesael said on Western Digital’s quarterly earnings call Jan. 29. that the company planned to sell its remaining 7.5 million Sandisk shares before the one-year anniversary of the separation. And so, according to a statement Sandisk launched the sale on behalf… — Continue at ZeroHedge News : Read More
