New York, Muharram 08, 1437, October 21, 2015, SPA-- Western Digital, a maker of hard drives for businesses and personal computers, said Wednesday it would buy flash memory chip maker SanDisk in a cash-and-stock deal valued at about $19 billion as it seeks to expand its presence in the storage industry. The $86.50 per share offer is a 15 percent premium above SanDisk’s closing stock price Tuesday. The two companies said they have complementary product lines, including hard disk drives, solid-state drives, cloud datacenter storage solutions, and flash storage solutions. “The combined company will be ideally positioned to capture the growth opportunities created by the rapidly evolving storage industry,” Western Digital chief executive Steve Milligan said in a statement. --SPA 19:02 LOCAL TIME 16:02 GMT www.spa.gov.sa/w