Sandisk stock price swings after Western Digital prices $3.17 billion share sale at $545
Western Digital priced a $3.17 billion secondary sale of 5.82 million Sandisk shares at $545 each, set to settle Feb. 19. Sandisk shares rose 1.6% to $600.40 in after-hours trading, with about 25 million shares changing hands. Western Digital will retain 1.69 million Sandisk shares after the deal. The sale swaps shares for debt held by J.P. Morgan and BofA Securities.