WESTERN DIGITAL ACQUIRES SANDISK FOR $19 BILLION

Computer data storage giant Western Digital announced Wednesday it will acquire SanDisk, which specializes in flash-memory storage devices, for $19 billion. The deal values SanDisk at $86.50 per share, Western Digital says. Shares of SanDisk closed up 2.1% at $76.78, while Western Digital shares sank 4.6% to $71.44.