Western Digital to Buy SanDisk for $19 Billion – Wall Street Journal

Western Digital Corp. agreed to buy SanDisk Corp. for about $19 billion in cash and stock, a deal that positions the disk-drive maker for growth in the struggling storage industry.

SanDisk was thought to be shopping for a buyer as the semiconductor industry rapidly consolidates, and industry watchers had said Western Digital or Micron Technology Inc. would be logical bidders.

The offer values SanDisk at $86.50 a share, a 15%…

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