SanDisk Corporation (NASDAQ:SNDK), a global leader in flash memory storage solutions, today announced a definitive agreement to acquire Pliant Technology, Inc., a leading developer of enterprise solid state drives (SSD). Under the terms of the agreement, SanDisk will pay approximately $327 million in cash and provide certain equity-based incentives. The transaction, which has been approved by the boards of directors of both companies, is subject to customary closing conditions, including regulatory review and approval, and it is expected to close by the end of SanDisk's second fiscal quarter