On Friday, flash media maker Lexar Media (LEXR) gained a greater revised takeover bid from Micron Technology (MU). The revised bid sites the all-stock Trade give at about $ten a share, up marginally from your Preliminary bid.
But significant shareholders which include billionaire Trader Carl Icahn in conjunction with hedge resources and portfolio administrators have deemed the initial bid for being inappropriate. Elliott Associates believes the initial bid “noticeably undervalues Lexar,” and feels Lexar is really worth between $1.5 billion and $two.4 billion. The estimate is properly earlier mentioned the revised takeover bid of about $827 million.
I need to concur and say the revised takeover bid is way way too low and has to be turned down by shareholders. Micron would like to fork out all around 1.10x sales for Lexar although the industry chief SanDisk (SNDK) is trading at 4.35x profits. Lexar also incorporates a $four hundred million patent infringement lawsuit against Toshiba that it had Formerly gained but is now issue to an charm by Toshiba.
Give it some thought in this manner, A prosperous $four hundred million settlement in favor of Lexar would equate to close to $4.eighty three for every share in added dollars to include to The existing $0.fifty four in free money after credit card debt that Lexar has. This suggests Micron would pay out a 소액결제정책 lot less than $5 a share for Lexars assets, that is small.
There may be also speculation that SanDisk is very seriously pondering taking a run at getting Lexar. This could sound right because SanDisk would solidify its Management position.
What's more, SanDisk has a detailed Doing work marriage with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to obtain Lexar.
Remain tune. A Particular shareholder Assembly to review the takeover bid has long been moved to June sixteen. In my perspective, the $10 bid undervalues Lexar. Problem is will a http://www.thefreedictionary.com/소액결제 white knight floor?