Maples and Calder has advised Western Digital on the Cayman Islands corporate and financing aspects of the acquisition of SanDisk by its wholly-owned subsidiary, Western Digital Technologies.
The deal completed on 12 May 2016 and valued SanDisk at a total equity value of approximately USD19 billion.
Under the terms of the transaction, each outstanding share of SanDisk's common stock was converted into the right to receive USD67.50 per share in cash and 0.2387 shares of Western Digital common stock.
Alasdair Robertson, global managing partner at Maples and Calder, says: "We are delighted to have assisted our long standing client on this successful acquisition, and to work again with US counsel Baker & McKenzie and Cleary Gottlieb Steen & Hamilton. We really enjoy working on complex merger transactions and this type of deal reflects our ongoing standing as the leading Cayman Islands corporate law firm."
Maples and Calder's team was led by partners Alasdair Robertson and Jonathon Meloy with the assistance of associate Kaneesa Ebanks-Wilson.
