Western Digital Corp (WDC) 71.44 $WDC
Jim Cramer's 'Mad Money' Recap: Nowhere to Run, Nowhere to Hide
at The Street - Wed Oct 21, 6:50PM CDT
Some days you get mauled in the market, other days you might not, says Cramer.
GE: 28.85 (+0.07), CLX: 122.06 (-0.02), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), KSU: 87.41 (-1.25), KMB: 118.09 (+0.87), SLB: 75.63 (+0.08), SAP: 76.17 (+0.71), LGF: 39.18 (-0.66), CHK: 7.87 (-0.32), S: 4.34 (-0.02), CMG: 665.67 (-39.96), AMAG: 36.37 (+1.30), TMUS: 40.22 (-0.48), TWTR: 29.30 (-1.61), UNP: 93.41 (-0.33), MU: 16.43 (-0.66), TSN: 46.23 (+0.14), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), TUP: 59.81 (+4.61), CELG: 115.92 (-0.32), CRC: 3.99 (-0.21), TXN: 51.90 (-0.53), GM: 35.42 (+1.94), RACE: 55.00 (-5.00), VZ: 44.86 (-0.38), SNDK: 76.78 (+1.59)
Yahoo!, Twitter Drop, Face Ongoing Criticism, Western Digital Acquires SanDisk -- Tech Roundup
at The Street - Wed Oct 21, 5:15PM CDT
Yahoo! shares tumble after missed earnings, Morgan Stanley downgrades Twitter and Western Digital and Lam Research announce acquisitions.
YHOO: 31.12 (-1.71), VMW: 55.42 (-13.34), LRCX: 70.79 (+0.76), GOOGL: 671.80 (-8.20), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), TWTR: 29.30 (-1.61), SNDK: 76.78 (+1.59), BABA: 69.48 (-2.31)
Where Stands the Digital Storage Stand-Alone?
Mark Vickery - Zacks Investment Research - Wed Oct 21, 4:50PM CDT
SanDisk (SNDK) reported Q3 earnings today, but its headline story remains its proposed acquisition by rival storage firm Western Digital.
VMW: 55.42 (-13.34), EMC: 25.77 (-1.72), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital to Buy Flash Memory Provider SanDisk for $19 Billion
at The Street - Wed Oct 21, 4:35PM CDT
With backing from Chinese tech group Unisplendour, Western Digital said Wednesday that it would pay $19 billion to purchase flash storage company SanDisk, reports The Deal's Chris Nolter.
MU: 16.43 (-0.66), STX: 37.13 (-1.39), INTC: 33.37 (-0.07), WDC: 71.44 (-3.42), HPQ: 28.23 (-0.33), SNDK: 76.78 (+1.59)
Jim Cramer -- Best Way to Ride Ferrari's Profits Is in Fiat Chrysler
at The Street - Wed Oct 21, 3:27PM CDT
Answering social media questioners on Wednesday, Jim Cramer was enthusiastic about the Ferrari IPO, but said the stock he prefers belongs to its majority owner, Fiat Chrysler.
FB: 97.11 (+0.11), CMG: 665.67 (-39.96), GM: 35.42 (+1.94), FCAU: 15.20 (-0.74), TWTR: 29.30 (-1.61), WDC: 71.44 (-3.42), WTW: 15.40 (-2.85), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59), MS: 31.48 (-0.77)
Stocks Fall; Valeant Defends Accounting Practices
at The Street - Wed Oct 21, 2:02PM CDT
Stocks relinquish gains made earlier Wednesday as a selloff in Valeant Pharmaceuticals pressures the rest of the biotech sector.
TSLA: 210.09 (-2.94), BIIB: 276.34 (+10.53), F: 15.41 (+0.03), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), TM: 123.70 (+1.49), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), HMC: 32.70 (+0.70), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), LLY: 77.01 (-0.78), FCAU: 15.20 (-0.74), BMY: 62.51 (-1.38), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), LRCX: 70.79 (+0.76), MCD: 102.54 (-1.30), GM: 35.42 (+1.94), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
4 Stocks Trading on Big Volume -- and How to Trade Them Now
at The Street - Wed Oct 21, 1:48PM CDT
Here's how to trade some of the most active stocks on the market right now.
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), WTW: 15.40 (-2.85), SNDK: 76.78 (+1.59)
Blue Chips Outperform; Ferrari Debuts Strongly
at Investor's Business Daily - Wed Oct 21, 12:33PM CDT
The Dow Jones industrial average was in the driver's seat in early afternoon trading Wednesday, while tech stocks lagged, and the S&P 500 was mostly unchanged. The Dow rose 0.4%, helped by strength in United Technologies (UTX), Travelers (TRV),...
VRX: 118.61 (-28.13), UTX: 97.97 (+2.35), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CAT: 69.67 (-0.60), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59), TRV: 110.70 (+1.75)
Targets of Market Hatred Can Change Daily
at The Street - Wed Oct 21, 12:03PM CDT
It used to be industrials, now it's health care.
TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), GE: 28.85 (+0.07), CLX: 122.06 (-0.02), VMW: 55.42 (-13.34), NKE: 132.47 (+0.10), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), WMT: 58.64 (-0.11), INTC: 33.37 (-0.07), SLB: 75.63 (+0.08), K: 69.61 (+0.64), SBUX: 60.53 (-0.35), CMG: 665.67 (-39.96), HZNP: 14.83 (-0.43), COST: 155.21 (+0.65), EMC: 25.77 (-1.72), CRZO: 38.09 (-1.55), PPG: 100.64 (-0.74), BHI: 54.41 (+1.24), ETN: 52.52 (+0.15), SWKS: 77.67 (-0.62), HAL: 38.40 (+0.72), HRL: 66.61 (+0.67), NXPI: 91.32 (-0.67), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), NFLX: 97.96 (-1.03), LB: 96.52 (+0.14), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), DOV: 61.88 (+0.35), KLAC: 63.98 (+10.12), AVGO: 120.50 (+0.61), SNDK: 76.78 (+1.59)
Jim Cramer -- 4 Companies, Same Problem, Different Strategies
at The Street - Wed Oct 21, 11:52AM CDT
IBM, Walmart, SanDisk and Yum! Brands don't have a lot in common beyond the problem of slowing growth, so no surprise, their CEOs are addressing the issue in disparate ways.
AMZN: 555.77 (-5.11), IBM: 140.92 (+0.28), WMT: 58.64 (-0.11), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59), YUM: 73.56 (+0.53)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SanDisk of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Western Digital Corp. -- SNDK
Business Wire - Wed Oct 21, 10:19AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital (WDC) Stock Pops on $19 Billion SanDisk Acquisition
at The Street - Wed Oct 21, 9:55AM CDT
Western Digital (WDC) stock is gaining in mid-morning trading on Wednesday, after the company agreed to buy SanDisk for roughly $19 billion.
WDC: 71.44 (-3.42)
Early Gains Fizzle, Turn Mixed; Biogen, Ferrari Rise
at Investor's Business Daily - Wed Oct 21, 9:47AM CDT
Leading indexes turned Wednesday's modest opening gains to mixed and busy action, powered primarily by quarterly reports and company news. The Nasdaq backed out of a narrow advance and slipped 0.2%. The Dow Jones industrial average and the S&P 500...
BIIB: 276.34 (+10.53), MU: 16.43 (-0.66), NTES: 137.17 (-2.03), HA: 32.87 (+1.50), DIS: 110.09 (+0.25), MANH: 70.08 (+3.89), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), AOS: 68.67 (-2.12), OZRK: 47.87 (-0.67), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CRUS: 32.89 (+2.16), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Stocks Turn Lower as Valeant Dents Biotech Sector
at The Street - Wed Oct 21, 9:41AM CDT
Stocks turn lower by mid-morning Wednesday as plummeting Valeant Pharmaceuticals shares pull the biotech sector to the downside.
BIIB: 276.34 (+10.53), TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), FCAU: 15.20 (-0.74), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), CELG: 115.92 (-0.32), GILD: 101.73 (+0.07), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Strong earnings from Boeing, GM, others send stocks higher
By The Associated Press - AP - Wed Oct 21, 8:39AM CDT
NEW YORK (AP) — Stocks are opening higher as several big U.S. companies deliver better earnings than the market was expecting.
LMT: 211.56 (+2.83), IBM: 140.92 (+0.28), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59), YUM: 73.56 (+0.53)
Challenge the Buyout: Ademi & O'Reilly, LLP Investigates Whether SanDisk Corporation Has Obtained a Fair Price in Its Sale to Western Digital Corporation
GlobeNewswire - Wed Oct 21, 8:39AM CDT
We are investigating the Board of Directors of SanDisk for possible breaches of fiduciary duty and other violations of state law in connection with the sale of SanDisk to Western Digital.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Investors Really Don't Want Western Digital to Buy SanDisk
Evan Niu, CFA, The Motley Fool - Motley Fool - Wed Oct 21, 8:30AM CDT
My Passport portable hard drives is one of Western Digital's most popular product families. Image source: Western Digital. Ever since news broke last week that SanDisk was putting itself up for sale, there's been plenty of speculation about...
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital buying SanDisk in deal worth about $19B
AP - Wed Oct 21, 8:08AM CDT
IRVINE, Calif. (AP) — Western Digital, a maker of hard drives for businesses and personal computers, is buying SanDisk in a cash-and-stock deal worth about $19 billion as it looks to extend its reach in the storage industry.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital misses 1Q profit forecasts
Automated Insights - Wed Oct 21, 6:49AM CDT
IRVINE, Calif. (AP) _ Western Digital Corp. (WDC) on Wednesday reported fiscal first-quarter earnings of $283 million.
WDC: 71.44 (-3.42)
Western Digital Announces Acquisition Of SanDisk
PR Newswire - Wed Oct 21, 6:30AM CDT
Western Digital® Corporation (NASDAQ: WDC) and SanDisk Corporation (NASDAQ: SNDK) today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share or a total equity value of approximately $19 billion, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock. If the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. The transaction has been approved by the boards of directors of both companies.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Jim Cramer's 'Mad Money' Recap: Nowhere to Run, Nowhere to Hide
at The Street - Wed Oct 21, 6:50PM CDT
Some days you get mauled in the market, other days you might not, says Cramer.
GE: 28.85 (+0.07), CLX: 122.06 (-0.02), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), KSU: 87.41 (-1.25), KMB: 118.09 (+0.87), SLB: 75.63 (+0.08), SAP: 76.17 (+0.71), LGF: 39.18 (-0.66), CHK: 7.87 (-0.32), S: 4.34 (-0.02), CMG: 665.67 (-39.96), AMAG: 36.37 (+1.30), TMUS: 40.22 (-0.48), TWTR: 29.30 (-1.61), UNP: 93.41 (-0.33), MU: 16.43 (-0.66), TSN: 46.23 (+0.14), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), TUP: 59.81 (+4.61), CELG: 115.92 (-0.32), CRC: 3.99 (-0.21), TXN: 51.90 (-0.53), GM: 35.42 (+1.94), RACE: 55.00 (-5.00), VZ: 44.86 (-0.38), SNDK: 76.78 (+1.59)
Yahoo!, Twitter Drop, Face Ongoing Criticism, Western Digital Acquires SanDisk -- Tech Roundup
at The Street - Wed Oct 21, 5:15PM CDT
Yahoo! shares tumble after missed earnings, Morgan Stanley downgrades Twitter and Western Digital and Lam Research announce acquisitions.
YHOO: 31.12 (-1.71), VMW: 55.42 (-13.34), LRCX: 70.79 (+0.76), GOOGL: 671.80 (-8.20), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), TWTR: 29.30 (-1.61), SNDK: 76.78 (+1.59), BABA: 69.48 (-2.31)
Where Stands the Digital Storage Stand-Alone?
Mark Vickery - Zacks Investment Research - Wed Oct 21, 4:50PM CDT
SanDisk (SNDK) reported Q3 earnings today, but its headline story remains its proposed acquisition by rival storage firm Western Digital.
VMW: 55.42 (-13.34), EMC: 25.77 (-1.72), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital to Buy Flash Memory Provider SanDisk for $19 Billion
at The Street - Wed Oct 21, 4:35PM CDT
With backing from Chinese tech group Unisplendour, Western Digital said Wednesday that it would pay $19 billion to purchase flash storage company SanDisk, reports The Deal's Chris Nolter.
MU: 16.43 (-0.66), STX: 37.13 (-1.39), INTC: 33.37 (-0.07), WDC: 71.44 (-3.42), HPQ: 28.23 (-0.33), SNDK: 76.78 (+1.59)
Jim Cramer -- Best Way to Ride Ferrari's Profits Is in Fiat Chrysler
at The Street - Wed Oct 21, 3:27PM CDT
Answering social media questioners on Wednesday, Jim Cramer was enthusiastic about the Ferrari IPO, but said the stock he prefers belongs to its majority owner, Fiat Chrysler.
FB: 97.11 (+0.11), CMG: 665.67 (-39.96), GM: 35.42 (+1.94), FCAU: 15.20 (-0.74), TWTR: 29.30 (-1.61), WDC: 71.44 (-3.42), WTW: 15.40 (-2.85), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59), MS: 31.48 (-0.77)
Stocks Fall; Valeant Defends Accounting Practices
at The Street - Wed Oct 21, 2:02PM CDT
Stocks relinquish gains made earlier Wednesday as a selloff in Valeant Pharmaceuticals pressures the rest of the biotech sector.
TSLA: 210.09 (-2.94), BIIB: 276.34 (+10.53), F: 15.41 (+0.03), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), TM: 123.70 (+1.49), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), HMC: 32.70 (+0.70), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), LLY: 77.01 (-0.78), FCAU: 15.20 (-0.74), BMY: 62.51 (-1.38), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), LRCX: 70.79 (+0.76), MCD: 102.54 (-1.30), GM: 35.42 (+1.94), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
4 Stocks Trading on Big Volume -- and How to Trade Them Now
at The Street - Wed Oct 21, 1:48PM CDT
Here's how to trade some of the most active stocks on the market right now.
LRCX: 70.79 (+0.76), KLAC: 63.98 (+10.12), WDC: 71.44 (-3.42), WTW: 15.40 (-2.85), SNDK: 76.78 (+1.59)
Blue Chips Outperform; Ferrari Debuts Strongly
at Investor's Business Daily - Wed Oct 21, 12:33PM CDT
The Dow Jones industrial average was in the driver's seat in early afternoon trading Wednesday, while tech stocks lagged, and the S&P 500 was mostly unchanged. The Dow rose 0.4%, helped by strength in United Technologies (UTX), Travelers (TRV),...
VRX: 118.61 (-28.13), UTX: 97.97 (+2.35), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CAT: 69.67 (-0.60), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59), TRV: 110.70 (+1.75)
Targets of Market Hatred Can Change Daily
at The Street - Wed Oct 21, 12:03PM CDT
It used to be industrials, now it's health care.
TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), GE: 28.85 (+0.07), CLX: 122.06 (-0.02), VMW: 55.42 (-13.34), NKE: 132.47 (+0.10), HON: 98.77 (+0.49), UTX: 97.97 (+2.35), WMT: 58.64 (-0.11), INTC: 33.37 (-0.07), SLB: 75.63 (+0.08), K: 69.61 (+0.64), SBUX: 60.53 (-0.35), CMG: 665.67 (-39.96), HZNP: 14.83 (-0.43), COST: 155.21 (+0.65), EMC: 25.77 (-1.72), CRZO: 38.09 (-1.55), PPG: 100.64 (-0.74), BHI: 54.41 (+1.24), ETN: 52.52 (+0.15), SWKS: 77.67 (-0.62), HAL: 38.40 (+0.72), HRL: 66.61 (+0.67), NXPI: 91.32 (-0.67), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), NFLX: 97.96 (-1.03), LB: 96.52 (+0.14), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), DOV: 61.88 (+0.35), KLAC: 63.98 (+10.12), AVGO: 120.50 (+0.61), SNDK: 76.78 (+1.59)
Jim Cramer -- 4 Companies, Same Problem, Different Strategies
at The Street - Wed Oct 21, 11:52AM CDT
IBM, Walmart, SanDisk and Yum! Brands don't have a lot in common beyond the problem of slowing growth, so no surprise, their CEOs are addressing the issue in disparate ways.
AMZN: 555.77 (-5.11), IBM: 140.92 (+0.28), WMT: 58.64 (-0.11), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59), YUM: 73.56 (+0.53)
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of SanDisk of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to Western Digital Corp. -- SNDK
Business Wire - Wed Oct 21, 10:19AM CDT
The following statement is being issued by Levi & Korsinsky, LLP:
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital (WDC) Stock Pops on $19 Billion SanDisk Acquisition
at The Street - Wed Oct 21, 9:55AM CDT
Western Digital (WDC) stock is gaining in mid-morning trading on Wednesday, after the company agreed to buy SanDisk for roughly $19 billion.
WDC: 71.44 (-3.42)
Early Gains Fizzle, Turn Mixed; Biogen, Ferrari Rise
at Investor's Business Daily - Wed Oct 21, 9:47AM CDT
Leading indexes turned Wednesday's modest opening gains to mixed and busy action, powered primarily by quarterly reports and company news. The Nasdaq backed out of a narrow advance and slipped 0.2%. The Dow Jones industrial average and the S&P 500...
BIIB: 276.34 (+10.53), MU: 16.43 (-0.66), NTES: 137.17 (-2.03), HA: 32.87 (+1.50), DIS: 110.09 (+0.25), MANH: 70.08 (+3.89), WDC: 71.44 (-3.42), BA: 141.19 (+2.31), AOS: 68.67 (-2.12), OZRK: 47.87 (-0.67), LRCX: 70.79 (+0.76), CMG: 665.67 (-39.96), CRUS: 32.89 (+2.16), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Stocks Turn Lower as Valeant Dents Biotech Sector
at The Street - Wed Oct 21, 9:41AM CDT
Stocks turn lower by mid-morning Wednesday as plummeting Valeant Pharmaceuticals shares pull the biotech sector to the downside.
BIIB: 276.34 (+10.53), TSLA: 210.09 (-2.94), VRX: 118.61 (-28.13), KMB: 118.09 (+0.87), IBB: 304.46 (-1.50), SBUX: 60.53 (-0.35), YHOO: 31.12 (-1.71), CMG: 665.67 (-39.96), ABBV: 53.83 (-1.00), GOOGL: 671.80 (-8.20), AAPL: 113.76 (-0.01), KO: 42.19 (-0.10), AMZN: 555.77 (-5.11), MU: 16.43 (-0.66), PFE: 33.46 (-0.54), FCAU: 15.20 (-0.74), BA: 141.19 (+2.31), WDC: 71.44 (-3.42), CELG: 115.92 (-0.32), GILD: 101.73 (+0.07), LRCX: 70.79 (+0.76), GM: 35.42 (+1.94), MCD: 102.54 (-1.30), KLAC: 63.98 (+10.12), RACE: 55.00 (-5.00), SNDK: 76.78 (+1.59)
Strong earnings from Boeing, GM, others send stocks higher
By The Associated Press - AP - Wed Oct 21, 8:39AM CDT
NEW YORK (AP) — Stocks are opening higher as several big U.S. companies deliver better earnings than the market was expecting.
LMT: 211.56 (+2.83), IBM: 140.92 (+0.28), WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59), YUM: 73.56 (+0.53)
Challenge the Buyout: Ademi & O'Reilly, LLP Investigates Whether SanDisk Corporation Has Obtained a Fair Price in Its Sale to Western Digital Corporation
GlobeNewswire - Wed Oct 21, 8:39AM CDT
We are investigating the Board of Directors of SanDisk for possible breaches of fiduciary duty and other violations of state law in connection with the sale of SanDisk to Western Digital.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Investors Really Don't Want Western Digital to Buy SanDisk
Evan Niu, CFA, The Motley Fool - Motley Fool - Wed Oct 21, 8:30AM CDT
My Passport portable hard drives is one of Western Digital's most popular product families. Image source: Western Digital. Ever since news broke last week that SanDisk was putting itself up for sale, there's been plenty of speculation about...
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital buying SanDisk in deal worth about $19B
AP - Wed Oct 21, 8:08AM CDT
IRVINE, Calif. (AP) — Western Digital, a maker of hard drives for businesses and personal computers, is buying SanDisk in a cash-and-stock deal worth about $19 billion as it looks to extend its reach in the storage industry.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
Western Digital misses 1Q profit forecasts
Automated Insights - Wed Oct 21, 6:49AM CDT
IRVINE, Calif. (AP) _ Western Digital Corp. (WDC) on Wednesday reported fiscal first-quarter earnings of $283 million.
WDC: 71.44 (-3.42)
Western Digital Announces Acquisition Of SanDisk
PR Newswire - Wed Oct 21, 6:30AM CDT
Western Digital® Corporation (NASDAQ: WDC) and SanDisk Corporation (NASDAQ: SNDK) today announced that they have entered into a definitive agreement under which Western Digital will acquire all of the outstanding shares of SanDisk for a combination of cash and stock. The offer values SanDisk common stock at $86.50 per share or a total equity value of approximately $19 billion, using a five-day volume weighted average price ending on October 20, 2015 of $79.60 per share of Western Digital common stock. If the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. The transaction has been approved by the boards of directors of both companies.
WDC: 71.44 (-3.42), SNDK: 76.78 (+1.59)
