Brower Piven Investigating SanDisk …

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of SanDisk Corp. relating to the proposed buyout of the company by Western Digital Corp., in a transaction valued at approximately $19 billion.

Under the terms of the transaction, SanDisk shareholders are anticipated to 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 firm’s investigation seeks to determine, among other things, whether the company’s board of directors failed to satisfy their duties to shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the company’s shares of common stock.