Western Digital Committed To Creating Significant Value Through SanDisk Acquisition
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Needham & Company Remains Bullish after Western Digital (WDC) Announced the Termination of $3.775B Unis Deal
February 23, 2016 11:04 AM UTCNeedham & Company reiterated a Strong Buy rating and $90.00 price target on Western Digital Corp. (NASDAQ: WDC) following a decision by CFIUS for a full investigation of a planned $3.775B investment in the company by Unis. This morning before the open, WDC announced... More
Western Digital's (WDC) Lower Cash Consideration for Sandisk (SNDK) Seen as More Favorable Outcome - Deutsche Bank
February 23, 2016 9:58 AM UTCDeutsche Bank maintained a Buy rating on Western Digital Corp. (NASDAQ: WDC) with a price target of $62. Comments follow news Western Digital plans to move forward with its acquisition of Sandisk (NASDAQ: SNDK) after Unisplendour terminated its potential investment in Western Digital after a decision by the Committee on Foreign Investment in the United States to conduct an investigation into the proposed investment.
In... More
Western Digital (WDC) Announcement Implies a 15% Return for SNDK Shareholders in 4 Months - Stifel
February 23, 2016 7:43 AM UTCStifel analyst, Aaron Rakers, published a note providing context around Western Digital's (NASDAQ: WDC) announcement that the Unis investment was terminated after yesterday's close. The fallback plan for WDC yields 15% of upside on SNDK shares between now and the close in 2Q16 and allows the company to see most of the expected 10% EPS accretion is had originally... More
