Market Overview

SanDisk Spikes Higher on Takeover Chatter

Currently, shares of SanDisk (NASDAQ: SNDK) are seeing tremendous strength. Rumors are currently circulating that the company may have retained the services of Goldman Sachs (NYSE: GS) to help facilitate a sale.

SanDisk designs, develops and manufactures data storage solutions in a range of form factors using its flash memory, controller and firmware technologies. The Company's solutions include removable cards, embedded products, universal serial bus, drives, digital media players, wafers and components.

Shares of SanDisk broke through session high on very heavy intraday volume on this rumor. Currently, shares are sitting near session highs, up about 4% on the session at $36.02 per share.

Benzinga has reached out to SanDisk on the validity of these rumors and are waiting to hear back.

Posted-In: News Rumors M&A Intraday Update Movers

 

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