Western Digital to sell $3.17 billion stake in Sandisk

Feb 18 (Reuters) - Flash memory maker Sandisk on Wednesday said that Western Digital will sell a stake worth $3.17 billion in the company.

Western Digital, which makes hard disk drives, will sell over 5.8 million shares of Sandisk at $545 each, Sandisk said.

The offering is at a discount of about 7.7% to Sandisk's last close of $590.59 on Tuesday.

(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Mrigank Dhaniwala)