Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday May 10, 2016

Western Digital Acquisition of SanDisk Receives Approval from China's Ministry of Commerce

Western Digitalآ® Corporation today announced that it has received regulatory approval from China's Ministry of Commerce in connection with the planned acquisition by Western Digital Technologies, Inc., a wholly owned subsidiary of Western Digital, of SanDisk Corporation. The MOFCOM decision completes the regulatory review process required for this transaction. Western Digital expects the transaction to close on Thursday, May 12, 2016. The transaction has also received regulatory approvals in the U.S., E.U., Singapore, Japan, Taiwan, South Korea, South Africa and Turkey. Western Digital and SanDisk shareholders voted to approve the transaction at their respective special meetings of shareholders held on March 15, 2016.

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