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Fly News Breaks for February 24, 2016
WDC, SNDK
Feb 24, 2016 | 08:50 EDT
After the U.S. government blocked Western Digital's (WDC) agreement with Unis, Pacific Crest thinks that Western Digital's takeover of SanDisk (SNDK) could fall through. The firm thinks that the underperformance of Western Digital's stock and tightening debt markets could prevent the deal from closing. However, it keeps Overweight ratings on both stocks.
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