Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake [zero hedge]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: zero hedge
Memory-Holed? Western Digital Dumps $3 Billion Sandisk Stock Stake Almost exactly a year after the spinoff officially closed on Feb. 24 last year, Western Digital is seeking to raise $3.09 billion from the sale of its remaining equity stake in Sandisk . While WDC has risen dramatically, SNDK has been on quite a tear since the spin-off... Chief Financial Officer Kris Sennesael said on Western Digital’s quarterly earnings call Jan. 29. that the company planned to sell its remaining 7.5 million Sandisk shares before the one-year anniversary of the separation. And so, according to a statement Sandisk launched the sale on behalf of its former parent in a statement Tuesday that didn’t disclose how many shares it would sell. According to the statement, Western Digital is expected to exchange the SanDisk shares for debt held by affiliates of JPMorgan and Bank of America. For now, WDC is flat in the after-hours trade but SNDK is down around 8% , extending the losses during the day... Amid a gl
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News
- AI Firms Have Snapped Up All of Western Digital's Hard Drives for the Year [Yahoo! Finance]Yahoo! Finance
- Western Digital (WDC) Valuation Check After Multi Period Share Price Surge [Yahoo! Finance]Yahoo! Finance
- Western Digital to sell $3.17 billion stake in Sandisk [Yahoo! Finance]Yahoo! Finance
- Some of the world's biggest investors have been trimming their stakes in AI heavyweights [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Zacks Investment Ideas feature highlights SanDisk, Western Digital and Teradyne [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 1/29/26 - Beat
WDC
Sec Filings
- 2/18/26 - Form 8-K
- 2/17/26 - Form 144
- 2/13/26 - Form 4
- WDC's page on the SEC website