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SANDISK ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE SMART STORAGE SYSTEMS (SanDisk Corporation)

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(Source: SanDisk Corporation) Differentiated Enterprise SAS and SATA SSD Solutions Strengthen SanDisk's Enterprise Portfolio MILPITAS, Calif., Jul. 2, 2013 - SanDisk Corporation (NASDAQ: SNDK), a global leader in flash memory storage solutions, today announced a definitive agreement to acquire SMART Storage Systems, a developer of enterprise solid state drives (SSDs) based on the SATA and SAS storage protocols. Under the terms of the agreement, SanDisk will pay approximately $307 million in cash and certain equity-based incentive awards to acquire SMART Storage Systems, which is part of the SMART Worldwide Holdings portfolio of companies, acquired in 2011 by two related investment funds...

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