The bilateral segment of the programme includes a speaking engagement by Minister Samaraweera at the Chatham House on the efforts of the Unity Government to move forward peace and reconciliation in Sri Lanka. Foreign Minister Mangala Samaraweera will undertake an official visit to the United Kingdom on 9-14 January 2017. This is the first high-level visit from Sri Lanka to the UK, since the appointment of the new Government of Prime Minister Theresa May following the Brexit vote in July 2016.The visit reflects the continuing dialogue between Sri Lanka and the UK since resetting bilateral ties in January 2015, the Foreign Ministry said. Minister Samaraweera is scheduled to meet with Boris Johnson, UK’s Secretary of State for Foreign and Commonwealth Affairs, and other key interlocutors. The discussions are expected to review developments in the bilateral relationship, including the way forward to further advance trade and investment between the two countries. The Minister will apprise his counterpart on the milestones being achieved by the Sri Lankan Government in institutional building to strengthen democracy, reconciliation and inclusive development. During the visit, the Minister will also meet with the Patricia Scotland, Commonwealth Secretary General to discuss Sri Lanka’s shared interests and cooperation as an active member of the organization. read more

Western Digital buying SanDisk in a cash-and-stock deal worth about $19 billion by The Associated Press Posted Oct 21, 2015 6:16 am MDT Last Updated Oct 21, 2015 at 7:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email IRVINE, Calif. – Western Digital, a maker of hard drives for businesses and personal computers, is buying SanDisk in a cash-and-stock deal worth about $19 billion as it looks to extend its reach in the storage industry.The buyout values SanDisk’s stock at about $86.50 per share, a 15 per cent premium to Tuesday’s closing price.Western Digital and flash-memory chip maker SanDisk said that 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 CEO Steve Milligan said in a written statement. Sanjay Mehrotra, president and CEO of SanDisk, is expected to join Western Digital’s board when the transaction closes.If a previously announced investment in Western Digital from Unisplendour closes prior to the acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of its stock for each Sandisk share. If not, the price will be $67.50 in cash and 0.2387 shares for each share of Milpitas, California-based SanDisk Corp.In September it was announced that Unisplendour, a division of China’s Tsinghua Holdings, was becoming a minority shareholder in Western Digital with a $3.78 billion investment.Milligan will serve as CEO of the combined business, which will keep its headquarters at Western Digital’s Irvine, California location.The boards of both companies have approved the deal, which is targeted to close in 2016’s third quarter. It still needs approval from SanDisk shareholders.The transaction is expected to add to adjusted earnings per share within a year of the deal’s closing. Pending the closing of the transaction, Western Digital expects to continue paying its quarterly dividend and plans to suspend its stock buyback program.Shares of Western Digital Corp. dropped more than 1 per cent in premarket trading Wednesday shortly before the market open. Shares of SanDisk gained more than 4 per cent. read more