
Samsung Might Make Offer for SanDisk
SanDisk
(SNDK)
shares soared early Friday on word that
Samsung
was mulling a bid for the computer-memory seller.
A deal could mean that Samsung would shell out more than $3 billion for the flash-memory maker. Shares of SanDisk surged $3.49, or 26%, to $16.95.
"SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities," the company said in a statement. "We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation."
Among other chipmakers,
Intel
(INTC) - Get Free Report
was down 1.1%,
Texas Instruments
(TXN) - Get Free Report
fell 3%, and
STMicroelectronics
(STM) - Get Free Report
lost 4%. Memory seller
Micron
(MU) - Get Free Report
was down 1.2%.