Tiger Newspress07:16
Sandisk stock fell 1.92% in after-hours trading following an announcement that Western Digital Corporation plans to sell approximately $3.1 billion worth of Sandisk shares.
Sandisk revealed the launch of a secondary public offering of $3,085,774,648 of its common stock currently owned by Western Digital, its former parent company. The company emphasized that it is not selling any shares itself and will not receive any proceeds from the transaction.
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