AI
Tuesday, October 13, 2015 8:31:53 PM
Micron, Western Digital in buyout talks with SanDisk-Bloomberg
Shares of SanDisk - which makes flash-memory products for cloud computing, data centers, smartphones and laptops - rose 12 percent to $69.20 in extended trading on Tuesday. Micron was up 3 percent and Western Digital under 1 percent.
SanDisk, Western Digital and Micron were not immediately available for comment.
Micron and Western Digital seemed "perplexing" suitors for SanDisk, Wedbush Securities analyst Betsy van Hees said, adding that Micron already had a significant flash memory operation.
China's state-backed Tsinghua Unigroup Ltd, a technology conglomerate, has been pursuing Micron, according to media reports. It has offered $23 billion for Micron, but the plan has been clouded by U.S. security concerns.
http://www.reuters.com/article/2015/10/13/sandisk-ma-micron-tech-idUSL3N12D5S420151013
Shares of SanDisk - which makes flash-memory products for cloud computing, data centers, smartphones and laptops - rose 12 percent to $69.20 in extended trading on Tuesday. Micron was up 3 percent and Western Digital under 1 percent.
SanDisk, Western Digital and Micron were not immediately available for comment.
Micron and Western Digital seemed "perplexing" suitors for SanDisk, Wedbush Securities analyst Betsy van Hees said, adding that Micron already had a significant flash memory operation.
China's state-backed Tsinghua Unigroup Ltd, a technology conglomerate, has been pursuing Micron, according to media reports. It has offered $23 billion for Micron, but the plan has been clouded by U.S. security concerns.
http://www.reuters.com/article/2015/10/13/sandisk-ma-micron-tech-idUSL3N12D5S420151013
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