From ComputerWorld: Western Digital Corp. (WD) has announced that its shareholders voted to approve its $19 billion acquisition of SanDisk Corp.
The merger is expected to close in the second quarter of the year.
More than 90% of WD's shareholders voted to approve the issuance of WD common stock in connection with the acquisition; 98% of SanDisk shareholders voted to approve the merger.
"This combination brings together two tremendous companies and cultures ideally positioned to capture the growth opportunities in our rapidly evolving industry," WD CEO Steve Milligan said in a statement.
SanDisk, valued at $17 billion, is a major provider of NAND flash memory products, such as SD cards and solid-state drives (SSDs).
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