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by rgbrenner
3693 days ago
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Some stock.. some of Sandisk's cash.. but yes, mostly debt: SanDisk shareholders will receive $67.50 in cash and 0.2387 Western Digital share for each share of SanDisk stock. http://www.investors.com/news/technology/western-digital-now... What many investors remain concerned about is that Western Digital is planning to offer some $17 billion or so in debt to help pay for the SanDisk buyout. Of that large sum, $3.0 billion will be a bridge loan. The rest is a set of traunches that are secured and unsecured debt. The company also telegraphed that it should be able to tap $4 billion of SanDisk’s cash to repay the bridge. http://247wallst.com/technology-3/2016/03/09/did-western-dig... |
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I assume this is business lingo for something, and doesn't mean they sent an actual telegraph?