Western Digital SanDisk and get the last green light to the acquisition

Western Digital Corporation and SanDisk Corporation announced later in the day yesterday that it has received the final go-ahead necessary, by the Minister of Commerce of China, for the planned acquisition of SanDisk by Western Digital. The green light from the Chinese government completes the entire series of analyzes for the guarantee of the necessary market for this type of transaction.

"We are pleased to have received the approval of the Minister of Commerce of China, the last regulatory test for our union with SanDisk. We look forward to complete the transaction and integrate our two global businesses to create a company of the first plan for storage solutions, "said Steve Milligan, CEO of Western Digital.

Sanjay Mehrotra, president and CEO of SanDisk, said, "We are pleased that the final regulatory approval has been received, and thus be able to proceed with the merger with Western Digital. We thank investors for their support and we look forward to contributing the success of Western Digital in its transformation into a society of top-level storage solutions. "

The operation had already received in the past months the necessary approvals from the United States, European Union, Singapore, Japan, Taiwan, South Korea, South Africa and Turkey. The shareholders of Western Digital and SanDisk have approved the transaction on March 15, 2016. The two companies expect to be able to conclude the transaction by the day of 12 May: in the space of a few hours, therefore, expects the official announcement acquisition, which it will also include the financial details.