SanDisk Corp., the world’s largest maker of flash memory cards in consumer electronics, agreed to buy Israel-based Msystems Ltd. in a stock deal valued at about $1.55 billion.
Under the terms, Msystems investors will get 0.764 SanDisk share per Msystems share, SanDisk said in a statement. The price values each share at about $36, or a 13 percent premium to Msystems’ close on July 28 of $31.79.
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