On Friday, flash media maker Lexar Media (LEXR) acquired a better revised takeover bid from Micron Know-how (MU). The revised bid spots the all-inventory Trade present at all around $10 a share, up marginally from your Preliminary bid.
But important shareholders which include billionaire investor Carl Icahn in conjunction with hedge money and portfolio administrators have deemed the First bid to be inappropriate. Elliott Associates believes the Original bid “appreciably undervalues Lexar,” and feels Lexar is truly worth amongst $1.5 billion and $2.four billion. The estimate is very well previously mentioned the revised takeover bid of about $827 million.
I need to concur and say the revised takeover bid http://edition.cnn.com/search/?text=소액결제 is way far too low and has to be turned down by shareholders. Micron wishes to spend all-around one.10x gross sales for Lexar though the industry chief SanDisk (SNDK) is investing at four.35x revenue. Lexar also provides a $400 million patent infringement lawsuit against Toshiba that it experienced Earlier won but is now issue to an attractiveness by Toshiba.
Consider it in this manner, A prosperous $four hundred million settlement in favor of Lexar would equate to around $four.eighty three for each share in supplemental money to incorporate to The present $0.fifty four in no cost hard cash immediately after financial debt that Lexar has. This means Micron would spend lower than $five a share for Lexars assets, which is small.
There may be also speculation that SanDisk is severely pondering using a run at buying Lexar. This is able to sound right because SanDisk would solidify its Management place.
Additionally, SanDisk has a close Doing the job connection with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to accumulate Lexar.
Keep tune. A Specific shareholder meeting to overview the takeover bid has been moved to June sixteen. In my 소액결제현금화 check out, the $ten bid undervalues Lexar. Issue is will a white knight area?