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Western Digital (WDC) Stock Falls, SanDisk Acquisition Complete

NEW YORK (TheStreet) -- Western Digital (WDC - Get Report) stock is declining 2.40% to $35.86 in afternoon trading on Thursday after the Irvine, CA-based data storage maker completed the acquisition of SanDisk (SNDK).

Western Digital agreed to pay $67.50 per share and 0.2387 shares of common stock to SanDisk shareholders as part of the transaction.

"[W]e will begin the work to fully realize the value of this combination through executing on our synergies, generating significant cash flow, as well as rapidly deleveraging our balance sheet, and creating significant long-term value for our shareholders," Western Digital CEO Steve Milligan said in a...