Sandisk recommends stockholders reject Tutanota mini-tender offer
The unsolicited offer at $1,150 per share is below market price. Sandisk advises taking no action.
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Manufacturer of flash storage products
sandisk.comLast updated
In short: SanDisk reported record financial results and secured $42 billion in long-term AI supply deals following its spin-off into an independent company.
The unsolicited offer at $1,150 per share is below market price. Sandisk advises taking no action.
Revenue reaches $5.95 billion, up 97% sequentially. GAAP net income is $3,615 million. Q4 revenue guidance is $7.75-$8.25 billion.
This milestone follows one year as independent company and inclusions in S&P 500 and Fast Company's Most Innovative Companies for 2026.
The lineup includes SANDISK Portable SSD, Extreme, and Extreme PRO models with enhanced design, performance, and durability features like carabiner loops and IP65 rating.
SNDK and IBM upgraded on edge AI and earnings strength; MU and ROKU downgraded on pricing and deal risks.
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