Western Digital sells about 5.8 million Sandisk shares in $3.2 billion offering

Western Digital, Sandisk's former parent, priced a secondary offering of about 5.8 million Sandisk shares it still held, worth about $3.17 billion. The shares were sold at a 7.7% discount to Sandisk's last close, and Sandisk itself did not issue stock or receive proceeds. Reuters calculations put Western Digital's remaining stake at about 1.7 million shares.

• About 5.8 million Sandisk shares sold
• Total value about $3.17 billion
• Priced at a 7.7% discount to the prior close
• Western Digital retains about 1.7 million shares, to be sold over time