Milpitas, CA—At a special stockholder meeting held on March 15, SanDisk Corporation’s stockholders approved the merger proposal with Western Digital Corporation. In fact, 98% of the votes were cast in favor of the merger.
In addition, it was also reported that Western Digital stockholders approved the proposal to issue additional shares of Western Digital common stock in order to complete the proposed acquisition of SanDisk Corporation.
“We are pleased with our stockholders’ strong support of the merger proposal, reflecting the excellent value to be provided to SanDisk stockholders,” said Sanjay Mehrotra, president and chief executive officer of SanDisk. “The combination of SanDisk with Western Digital will enable the combined company to offer the broadest portfolio of industry-leading, innovative storage solutions to customers across a wide range of markets and applications.”
The transaction received regulatory approvals in the U.S., EU, Singapore, Japan, Taiwan, South Korea, Turkey and South Africa. The transaction remains subject to other closing conditions per the merger agreement, including regulatory approval in China. SanDisk continues to expect the company’s merger with Western Digital to close in the second calendar quarter of 2016.
SanDisk Corporation, a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. For more than 27 years, SanDisk has expanded the possibilities of storage, providing products designed to help transform the electronics industry. Today, SanDisk’s solutions are at the heart of many of the largest data centers and embedded in smartphones, tablets and PCs. sandisk.com
Western Digital Corporation
Western Digital Corporation is an industry-leading developer and manufacturer of storage solutions to enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a portfolio of storage solutions. Its products are marketed under the HGST and WD® brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. wdc.com