SanDisk To Acquire Pliant Technology For About $327 Mln - Update

SanDisk To Acquire Pliant Technology For About $327 Mln - Update

  • Posted Monday, May 16, 2011 -
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Flash memory card maker SanDisk Corp. (SNDK) said Monday it has agreed to acquire Pliant Technology, Inc., a developer of enterprise solid state drives, for about $327 million in cash and certain equity-based incentives. The deal enables the company to enter the fast-growing enterprise storage market. The transaction, approved by the boards of directors of both companies, is expected to close by the end of SanDisk's second fiscal quarter.view original article