Sandisk Corporation (NASDAQ:SNDK) announced a secondary public offering of $3.09 billion of common stock owned by Western Digital, with no new shares issued. BofA raised SNDK’s price target to $850 from $390 after strong fiscal second-quarter results, predicting improved earnings and favorable memory pricing dynamics. Sandisk designs flash memory products and is based in California.

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Read more at Yahoo Finance: Western Digital Launches $3.09 Billion SanDisk (SNDK) Stock Offering