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Will Western Digital (WDC) Stock Be Helped by SanDisk Acquisition Speculation?

NEW YORK (TheStreet) -- Western Digital Corp. (WDC - Get Report) is said to be in advanced discussions with fellow data storage solutions provider SanDisk (SNDK) regarding an acquisition of the company.

A deal between the two companies could come as earlier as this week, sources told Bloomberg.

Western Digital is said to be discussing a price of between $80 and $90 per SanDisk share.

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There is still the possibility that the two companies will walk away from the talks having come to no deal, however, the discussions accelerated over the weekend, Bloomberg's sources added.

This has been a big year for mergers and acquisitions in the semiconductor sector, Bloomberg noted. Companies are consolidating as they face rising costs and a decline in their customer base.

Shares of Western Digital are falling by 1.98% to $78.89 at the start of trading on Tuesday...


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