Western Digital is launching a $3.09 billion secondary public offering of SanDisk (SNDK) common stock, which SanDisk will not issue new shares for. This follows BofA’s raised price target and Buy rating for SanDisk due to strong fiscal second-quarter results and favorable memory pricing. SanDisk, headquartered in Milpitas, California, specializes in flash memory products.
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Western Digital Launches $3.09 Billion SanDisk (SNDK) Stock Offering
Western Digital is launching a $3.09 billion secondary public offering of SanDisk (SNDK) common stock, which SanDisk will not issue new shares for. This follows BofA’s raised price target and Buy rating for SanDisk due to strong fiscal second-quarter results and favorable memory pricing. SanDisk, headquartered in Milpitas, California, specializes in flash memory products.