SUNNYVALE, Calif.-SanDisk Corp., a Sunnyvale, Calif., developer of flash memory storage products, sold a 4.5 million-share secondary common stock offering Nov. 3. It raised net proceeds of about $291.3 million in the sale, which Morgan Stanley Dean Witter lead-managed.
Part of the proceeds will fund SanDisk’s technology development and silicon wafer foundry joint venture with Toshiba. SanDisk said it also will use some of the capital raised to obtain additional silicon wafer foundry capacity and for general purposes, including acquisition of complementary assets, technologies and businesses.
