Rigrodsky & Long to Investigate SanDisk

Rigrodsky & Long, P.A. is investigating potential legal claims against the board of directors of SanDisk Corp. regarding possible breaches of fiduciary duties and other violations of law related to the company’s entry into an agreement to be acquired by Western Digital Corp., in a transaction valued at approximately $19 billion.

Under the terms of the agreement, shareholders of SanDisk will receive $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock if the previously announced investment in Western Digital by Unisplendour Corporation Limited has not occurred, or $85.10 in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock if the Unisplendour transaction closes

The investigation concerns whether SanDisk’s board of directors failed to adequately shop the company and obtain the best possible value for shareholders before entering into the agreement with Western Digital.