Cross-Ownership Suggests Positive SanDisk/Western Digital Vote

Cross-ownership between hard disk drive manufacturer Western Digital and flash memory company SanDisk suggests that shareholders of both companies will support the merger, according to CTFN research.

Shares of Western Digital have slid 40% since announcing the acquisition of SanDisk. Still, enough shareholders own stakes in both companies that they would likely vote for the deal because they would lose more on a SanDisk share price decline than they would make on Western Digital’s gains.

CTFN research analysts estimate that based on the metrics of competitors, SanDisk shares could fall two to three times more

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Sarah Cohen

Sarah Cohen

Sarah Cohen joined CTFN in August of 2015. Sarah is a New Jersey-based telecom and technology M&A reporter whose work has appeared in Forbes, TheStreet, FT.com, and many other publications including Mergermarket, where she worked for 10 years. Sarah has covered Yahoo, the data center space, new and incumbent telecoms, FCC matters, and CFIUS for CTFN. She has an MA in communications from Bowling Green State University and BA in English from the University of New Hampshire.

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