SanDisk shares rose sharply Friday morning, as speculation surfaced that Samsung and Toshiba are interested in a buyout of the company.
SanDisk soared 11 percent to close at $11.05 a share, following a report in the EETimes.
The article, citing unnamed sources, said Samsung, which last year launched an unsuccessful bid for the company, and SanDisk's joint-manufacturing partner Toshiba are both interested in making a bid for the flash memory maker.
Last year, when Samsung made an unsolicited bid for the company, it offered SanDisk $5.85 billion for the company. SanDisk had rejected Samsung's overtures, citing … Read more