Capital Group International slashes stake in SanDisk

By E. Janene Geiss

Philadelphia, Oct. 24 - Capital Group International Inc. decreased by 5.4% its holding in SanDisk Corp. as of Oct. 15, according to an SC 13G/A filing with the Securities and Exchange Commission.

In the latest filing, Capital Group reported a passive stake of 8.8%, representing an ownership of 19,814,790 shares.

That investment is less than it owned as of Dec. 31, 2007, when it reported a passive stake of 14.2%, or ownership of 32,903,820 shares, according to an earlier SC 13G/A filing.

Capital Group previously reported a passive stake of 14.6%, or an investment of 32,903,820 shares, on Dec. 29, 2006, according to an earlier SC 13G/A filing.

And it reported an 11.4% passive stake, representing 21,017,480 shares, as of Nov. 22, 2005, according to an SC 13G filing.

SanDisk, based in Milpitas, Calif., develops, manufactures and markets NAND-based flash storage card products that are used in consumer electronics products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.