WILMINGTON, Del., Oct. 22, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
- Do you own shares of SanDisk Corp. (NasdaqGS: SNDK)?
- Did you purchase any of your shares prior to October 21, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of SanDisk Corp. ("SanDisk" or the "Company") (NasdaqGS: SNDK) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Western Digital Corp.("Western Digital") (NasdaqGS: WDC), in a transaction valued at approximately $19 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/sandisk-corp-sndk.
Under the terms of the agreement, shareholders of SanDisk will receive $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock if the previously announced investment in Western Digital by Unisplendour Corporation Limited ("Unisplendour") has not occurred, or $85.10 in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock if the Unisplendour transaction closes.
The investigation concerns whether SanDisk's board of directors failed to adequately shop the Company and obtain the best possible value for SanDisk's shareholders before entering into the agreement with Western Digital.
If you own the common stock of SanDisk and purchased your shares before October 21, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at [email protected]; or at: http://www.rigrodskylong.com/investigations/sandisk-corp-sndk.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.