IT Mergers & Acquisitions

SanDisk Corporation and msystems today announced that the shareholders of msystems have voted to approve the acquisition of msystems by SanDisk at a special shareholder meeting held today at msystems’ offices in Kfar Saba, Israel. More than 99% of the shares represented at the meeting voted in favor of the transaction.

The proposed acquisition of msystems by SanDisk was announced on July 30, 2006 by the two companies and the closing of the transaction remains subject to conditions, including, among others, Israeli court approval as well as customary closing conditions. SanDisk expects the transaction is most likely to close in November.