SanDisk Mulls Sale As Chip Merger Pressure Builds

By | October 14, 2015

Scalper1 News

SanDisk (SNDK) stock shot up 12% in late trade Tuesday on reports it is putting itself up for sale. Micron Technology (MU) and Western Digital (WDC) are seen as possible buyers. The buzz comes as chip M&A activity has heated up, with some major deals. SanDisk, which has struggled in the past two years as sales to Apple (AAPL) have waned, has hired a bank to advise on a possible sale, sources told Bloomberg, which initially reported the story. Scalper1 News

Scalper1 News