Maples and Calder advises on acquisition of SanDisk

Maples and Calder has advised Western Digital Corporation (Western Digital) on the Cayman Islands law corporate and financing aspects of the acquisition by its wholly-owned subsidiary Western Digital Technologies, Inc. of SanDisk Corporation (SanDisk), which completed on 12 May 2016 and valued SanDisk at a total equity value of approximately USD19 billion.

Under the terms of the transaction, each outstanding share of SanDisk’s common stock was converted into the right to receive USD67.50 per share in cash and 0.2387 shares of Western Digital common stock.

Maples and Calder’s team was led by partners Alasdair Robertson and Jonathon Meloy with the assistance of associate Kaneesa Ebanks-Wilson.