Western Digital Launches $3.09 Billion SanDisk (SNDK) Stock Offering

We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 18, Sandisk Corporation (NASDAQ:SNDK) announced a secondary public offering of approximately $3.09 billion of common stock currently owned by Western Digital. SanDisk will not issue new shares or receive proceeds from the transaction, which includes a concurrent debt-for-equity exchange. J.P. Morgan Securities and BofA Securities are acting as joint lead book-runners and representatives of the underwriters. ...