Western Digital completes SanDisk acquisition

Western Digital has announced it has completed the acquisition of SanDisk Corporation. The integration process will begin immediately. Steve Milligan will continue as chief executive officer of Western Digital, headquartered in Irvine, California. Sanjay Mehrotra, co-founder, president and chief executive officer of SanDisk, will now serve as a member of the Western Digital Board of Directors. The company believes that addition of SanDisk will give Western Digital Corporation expertise in both rotating magnetic storage and non-volatile memory (NVM). Steve Milligan, chief executive officer of Western Digital said. “We are delighted to welcome SanDisk into the Western Digital family. This transformational combination creates a media-agnostic leader in storage technology with a robust portfolio of products and solutions that will address a wide range of applications in almost all of the world’s computing and mobile devices." “As a combined company, we will be best positioned to address the demands for data storage, which is growing exponentially every year,” said Sanjay Mehrotra. “Growth and change go hand in hand, and we couldn’t be happier to grow and change together with Western Digital. I look forward to contributing to realizing the potential of this combination as a member of the board.” According to the terms of the transaction, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital common stock.