On Friday, flash media maker Lexar Media (LEXR) received a better revised takeover bid from Micron Technology (MU). The revised bid sites the all-stock Trade offer at about $10 a share, up marginally from your First bid.
But big shareholders such as billionaire investor Carl Icahn in addition to hedge money and portfolio supervisors have considered the Original bid to become inappropriate. Elliott Associates thinks the Preliminary bid “significantly undervalues Lexar,” and feels Lexar is worth involving $1.5 billion and $2.four billion. The estimate is properly previously mentioned the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way much too minimal and 신용카드현금화 should be rejected by shareholders. Micron wishes to pay all around one.10x income for Lexar when the marketplace leader SanDisk (SNDK) is investing at four.35x profits. Lexar also provides a $400 million patent infringement lawsuit against Toshiba that it had previously gained but is now subject matter to an charm by Toshiba.
Give it some thought this way, a successful $four hundred million settlement in favor of Lexar would equate to all around $four.eighty three for each share in supplemental money so as to add to The https://www.washingtonpost.com/newssearch/?query=소액결제 existing $0.fifty four in totally free hard cash soon after debt that Lexar has. This suggests Micron would fork out fewer than $5 a share for Lexars property, which is low.
There's also speculation that SanDisk is critically serious about getting a operate at obtaining Lexar. This is able to sound right considering that SanDisk would solidify its Management posture.
In addition, SanDisk has a detailed Doing work connection with Toshiba, which could see SanDisk fall or reduce the settlement if it managed to obtain Lexar.
Remain tune. A Exclusive shareholder Conference to review the takeover bid has been moved to June 16. In my see, the $10 bid undervalues Lexar. Question is will a white knight surface area?