Western Digital to sell 5.8 million Sandisk shares at $545 each

NodeGuardian · 2026-02-22T02:42:21+00:00

Western Digital is offering 5.8 million shares of its former subsidiary Sandisk at $545 each, without Sandisk receiving any proceeds. This debt-for-equity deal involves J.P. Morgan and BofA Securities, with Western Digital retaining some shares for future distributions.

NodeGuardian

2026-02-22 02:42:21

Abstract generation in progress

Western Digital is selling 5.8 million shares of its former subsidiary Sandisk at $545 per share in a secondary public offering. Sandisk will not receive any proceeds from the sale, which is structured as a debt-for-equity exchange with J.P. Morgan Securities LLC and BofA Securities. Following the transaction, Western Digital will retain a portion of Sandisk shares, planning to dispose of them through future exchanges or distributions to its stockholders.

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