{"id":958997,"date":"2026-05-06T09:29:42","date_gmt":"2026-05-06T13:29:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wdannounces-equity-for-equity-exchange\/"},"modified":"2026-05-06T09:29:42","modified_gmt":"2026-05-06T13:29:42","slug":"wdannounces-equity-for-equity-exchange","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wdannounces-equity-for-equity-exchange\/","title":{"rendered":"WDAnnounces Equity-for-Equity Exchange"},"content":{"rendered":"

<\/p>\n

WDAnnounces Equity-for-Equity Exchange<\/b><\/p>\n

SAN JOSE, Calif.–(BUSINESS WIRE<\/a>)–
\nWestern Digital Corporation (Nasdaq: WDC) today announced that it has entered into exchange agreements with certain institutional investors on May 5, 2026, pursuant to which WD will receive an aggregate of 1,865,801 shares of WD common stock in exchange for an aggregate of 653,203 shares of common stock of Sandisk Corporation (\u201cSandisk\u201d). The exchanges are expected to settle on May 7, 2026, subject to customary closing conditions. Upon the settlement of the exchanges, WD will continue to own 1,038,681 shares of Sandisk common stock, which it intends to dispose of in one or more subsequent exchanges for WD debt held by WD creditors and\/or in exchange for outstanding shares of WD common stock and\/or through distributions to WD stockholders as dividends.<\/p>\n

About WD<\/b><\/p>\n

\nWD, also known as Western Digital, builds the storage infrastructure that powers certainty in the AI-driven data economy. At the forefront of innovation, WD partners with the world’s leading hyperscalers, cloud service providers, and enterprises to enable reliable storage solutions that are proven and trusted at scale. Driven by a culture of innovation and execution, WD helps customers store, protect, and use the world’s data with confidence. Follow WD on LinkedIn and learn more at www.wd.com<\/a>.<\/p>\n

\n\u00a9 2026 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and\/or other countries. All other marks are the property of their respective owners.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning the company\u2019s disposition of its remaining shares of Sandisk common stock. These forward-looking statements are based on management\u2019s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.<\/p>\n

\nKey risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include: adverse global or regional conditions, including new or additional tariffs or trade restrictions; the company\u2019s dependence on a limited number of qualified suppliers; volatility in demand for the company\u2019s products; the impact of business and market conditions, including inflation, increases in interest rates and an economic recession; the outcome and impact of the company\u2019s completed separation of its HDD and Flash businesses; the impact of competitive products and pricing; the company\u2019s development and introduction of products based on new technologies and expansion into new data storage markets; risks associated with cost saving initiatives, restructurings, acquisitions, divestitures, mergers, joint ventures and the company\u2019s strategic relationships; difficulties or delays in manufacturing or other supply chain disruptions; hiring and retention of key employees; the company\u2019s level of debt and other financial obligations; changes to the company\u2019s relationships with key customers; compromise, damage or interruption from cybersecurity incidents or other data system security risks; actions by competitors; any decisions to reduce or discontinue paying cash dividends or repurchasing shares of the company\u2019s common stock; the company\u2019s ability to achieve its greenhouse gas emissions reduction and other sustainability goals; the impact of international conflicts; risks associated with compliance with changing legal and regulatory requirements and the outcome of legal proceedings; and other risks and uncertainties listed in the company\u2019s filings with the Securities and Exchange Commission (the \u201cSEC\u201d), including the company\u2019s Annual Report on Form 10-K filed with the SEC on August 14, 2025 to which your attention is directed. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260506659682\/en\/<\/a><\/span><\/p>\n

Western Digital Corporation<\/b><\/p>\n

Investor Contact:
\n<\/b>
Ambrish Srivastava
\n
408-717-9765
\n
ambrish.srivastava@wdc.com
\n<\/a>
investor@wdc.com<\/a><\/p>\n

Media Contact:
\n<\/b>
Media Relations
\n
WD.Mediainquiries@wdc.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Hardware Semiconductor Consumer Electronics<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

WDAnnounces Equity-for-Equity Exchange SAN JOSE, Calif.–(BUSINESS WIRE)– Western Digital Corporation (Nasdaq: WDC) today announced that it has entered into exchange agreements with certain institutional investors on May 5, 2026, pursuant to which WD will receive an aggregate of 1,865,801 shares of WD common stock in exchange for an aggregate of 653,203 shares of common stock of Sandisk Corporation (\u201cSandisk\u201d). The exchanges are expected to settle on May 7, 2026, subject to customary closing conditions. Upon the settlement of the exchanges, WD will continue to own 1,038,681 shares of Sandisk common stock, which it intends to dispose of in one or more subsequent exchanges for WD debt held by WD creditors and\/or in exchange for outstanding shares of WD common stock … <\/p>\n

Continue reading “WDAnnounces Equity-for-Equity Exchange”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-958997","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWDAnnounces Equity-for-Equity Exchange - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wdannounces-equity-for-equity-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WDAnnounces Equity-for-Equity Exchange - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WDAnnounces Equity-for-Equity Exchange SAN JOSE, Calif.–(BUSINESS WIRE)– Western Digital Corporation (Nasdaq: WDC) today announced that it has entered into exchange agreements with certain institutional investors on May 5, 2026, pursuant to which WD will receive an aggregate of 1,865,801 shares of WD common stock in exchange for an aggregate of 653,203 shares of common stock of Sandisk Corporation (\u201cSandisk\u201d). 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