SNDK has been in the news recently: Western Digital is selling millions of its SanDisk shares to swap for bank-held debt before the one-year spin-off mark, reportedly about 7.5 million shares to raise $3.09 billion. SanDisk said former parent Western Digital will sell 5,821,135 shares at $545 each in a secondary offering, with SanDisk issuing no new shares and receiving no proceeds.
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