Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

SanDisk Rallies as Takeover Rumors Resurface

December 3, 2008 at 4:51 pm PT

SanDisk (SNDK) shares are on the rise on rumors that Toshiba might be planning a bid for the company, according to Dow Jones Newswires. The two companies have a joint venture to manufacture NAND flash memories, and Toshiba has been often rumored to be a logical partner for the flash memory chipmaker.

In October, Samsung withdrew a $26-a-share bid for SanDisk; there was speculation before Samsung pulled its offer that Toshiba might serve as a white knight for SanDisk.

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Tagged with: Barrons, Dow Jones, Eric Savitz, frontpage, NAND flash memory, Samsung, SanDisk, Tech Trader Daily, Toshiba

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