M&A
confidence high
sentiment positive
materiality 0.75
Sandisk to invest $1.0B in Nanya for ~3.9% stake at 15% discount; DRAM supply deal
Sandisk Corp
- Sandisk Technologies to purchase 138.7M Nanya shares for ~$1.0B (NTD 31.05B), a 15% discount to 30-day average.
- The investment represents ~3.9% of Nanya's fully diluted outstanding shares.
- Nanya will supply Sandisk with DRAM products under a multi-year strategic supply agreement.
- Shares subject to 3-year lock-up under Taiwan law; closing expected within 15 days.
- Transaction requires regulatory approvals including post-closing TWSE and FSC filings.