M Systems Flash Disk (NASDAQ:FLSH)
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SanDisk® Corporation (NASDAQ:SNDK) and msystems™
Ltd. (NASDAQ:FLSH) today announced that the District Court of Tel Aviv
gave its final approval for SanDisk to complete its acquisition of
msystems, following msystems shareholder approval of the transaction
last week.
Upon the satisfaction of all conditions precedent required to complete
the transaction, SanDisk and msystems now expect the acquisition is most
likely to be completed in November.
About SanDisk
SanDisk, the world’s largest supplier of flash
memory data storage card products, designs, manufactures and markets
industry-standard, solid-state data, digital imaging and audio storage
products using its patented, high density flash memory and controller
technology. SanDisk is based in Milpitas, CA.
About msystems
msystems has been transforming raw flash into smarter storage solutions
since 1989. From embedded flash drives deployed in millions of mobile
handsets to U3 USB smart drives designed for leading global brands,
msystems creates, develops, manufactures and markets smart personal
storage solutions for a myriad of applications targeting high growth
markets.
Forward-Looking Statements
Statements contained in this press release that are not historical
facts, including statements regarding the consummation of the
transaction and the timing thereof, are forward-looking statements as
that item is defined in the federal securities laws. Forward-looking
statements are inherently subject to risks and uncertainties that could
cause actual results to differ materially from these forward-looking
statements. Many of these risks and uncertainties cannot be predicted
with accuracy and some might not even be anticipated. Some of the
factors that could significantly impact the forward-looking statements
in this press release include the ability to obtain Israeli court and
other approvals of the transaction on the proposed terms and schedule;
the risk that the various conditions precedent to the consummation of
the acquisition are not satisfied or waived; and other risks, some of
which are discussed in the companies’ reports
filed with the Securities and Exchange Commission under the caption Risk
Factors and elsewhere. Any forward-looking statement is qualified by
reference to these risks and factors. These risks and factors are not
exclusive, and the companies undertake no obligation to publicly update
or revise any forward-looking statements to reflect events or
circumstances that may arise after the date of this release except as
required by law. Additional information regarding these and other
factors is contained in the companies’ SEC
filings, including, without limitation, SanDisk’s
Form 10-K for its fiscal year ended January 1, 2006, and its Form 10-Qs,
msystems Form 20-F for the year ended December 31, 2005 and msystems
Forms 6-K. The companies’ filings are
available from the Securities and Exchange Commission or may be obtained
on SanDisk’s website at www.sandisk.com
and msystems website at www.msystems.com,
as applicable.
SanDisk® is a registered trademark of
SanDisk Corporation registered in the United States and other countries.
msystems is a trademark of msystems Ltd.
SanDisk(R) Corporation (NASDAQ:SNDK) and msystems(TM) Ltd.
(NASDAQ:FLSH) today announced that the District Court of Tel Aviv gave
its final approval for SanDisk to complete its acquisition of
msystems, following msystems shareholder approval of the transaction
last week.
Upon the satisfaction of all conditions precedent required to
complete the transaction, SanDisk and msystems now expect the
acquisition is most likely to be completed in November.
About SanDisk
SanDisk, the world's largest supplier of flash memory data storage
card products, designs, manufactures and markets industry-standard,
solid-state data, digital imaging and audio storage products using its
patented, high density flash memory and controller technology. SanDisk
is based in Milpitas, CA.
About msystems
msystems has been transforming raw flash into smarter storage
solutions since 1989. From embedded flash drives deployed in millions
of mobile handsets to U3 USB smart drives designed for leading global
brands, msystems creates, develops, manufactures and markets smart
personal storage solutions for a myriad of applications targeting high
growth markets.
Forward-Looking Statements
Statements contained in this press release that are not historical
facts, including statements regarding the consummation of the
transaction and the timing thereof, are forward-looking statements as
that item is defined in the federal securities laws. Forward-looking
statements are inherently subject to risks and uncertainties that
could cause actual results to differ materially from these
forward-looking statements. Many of these risks and uncertainties
cannot be predicted with accuracy and some might not even be
anticipated. Some of the factors that could significantly impact the
forward-looking statements in this press release include the ability
to obtain Israeli court and other approvals of the transaction on the
proposed terms and schedule; the risk that the various conditions
precedent to the consummation of the acquisition are not satisfied or
waived; and other risks, some of which are discussed in the companies'
reports filed with the Securities and Exchange Commission under the
caption Risk Factors and elsewhere. Any forward-looking statement is
qualified by reference to these risks and factors. These risks and
factors are not exclusive, and the companies undertake no obligation
to publicly update or revise any forward-looking statements to reflect
events or circumstances that may arise after the date of this release
except as required by law. Additional information regarding these and
other factors is contained in the companies' SEC filings, including,
without limitation, SanDisk's Form 10-K for its fiscal year ended
January 1, 2006, and its Form 10-Qs, msystems Form 20-F for the year
ended December 31, 2005 and msystems Forms 6-K. The companies' filings
are available from the Securities and Exchange Commission or may be
obtained on SanDisk's website at www.sandisk.com and msystems website
at www.msystems.com, as applicable.
SanDisk(R) is a registered trademark of SanDisk Corporation
registered in the United States and other countries. msystems is a
trademark of msystems Ltd.