Sandisk Corporation (SNDK) Friday announced pricing of secondary public offering of 18.53 million of its shares owned by Western Digital Corporation, the company's former parent, at $38.50 per share.
Sandisk will not get any proceeds from the offering , which has been upsized from 17 million shares.
Prior to the closing of the offering, WDC is expected to exchange the SNDK Shares for certain indebtedness of WDC held by affiliates of J.P. Morgan Securities LLC and BofA Securities, the company said in a statement.
The selling stockholders intend to sell the SNDK shares to the underwriters of the Offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.