7/31/2006

SanDisk to buy Msystems for $1.55 bln

Filed under: — Aviran Mordo @ 4:58 pm

SanDisk Corp., a maker of flash memory used in cell phones and digital cameras, said on Sunday it would buy Israel-based Msystems for $1.55 billion in stock.

SanDisk, based in Milpitas, California, said that under the deal each share of Msystems would be converted into 0.76368 of SanDisk common stock.

 

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