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Fly News Breaks for March 1, 2016
WDC, SNDK
Mar 1, 2016 | 08:15 EDT
As noted earlier, Stifel downgraded SanDisk (SNDK) to Hold from Buy. The firm says that a major Western Digital (WDC) shareholder, Alken Asset Management, made "a reasonable argument" against the deal. It believes that SanDisk will rise 8.5% if the deal closes but would tumble $45 per share if the transaction falls through.
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