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 Technology Stocks : SanDisk Corporation (SNDK)

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To: Pam who wrote (45352)8/22/2010 5:07:49 PM
From: SamRead Replies (1) of 54969
 
MS & GS: Get $104.8 Million and Sells Call Options to Sandisk with a Strike Price of $52.37 and Expiration Date of May 15, 2017 and Buys Warrants to Purchase SNDK stock at $73.33 with the same Exipration Date.

Does the $104.8m include selling the the warrants to GS and MS as well as the Sandisk buying the call options?

If yes, I don't get why it should cost so much unless there is a (possibly illegal) side understanding that those guys will be supporting the stock in the coming months and years.

If no, how can anyone determine what the spread actually cost Sandisk?
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