On Friday, flash media maker Lexar Media (LEXR) received a better revised takeover bid from Micron Technological innovation (MU). The revised bid areas the all-inventory exchange give at around $10 a share, up marginally from your Preliminary bid.
But major shareholders together with billionaire investor Carl Icahn coupled with hedge cash and portfolio professionals have considered the initial bid to get inappropriate. Elliott Associates thinks the Preliminary bid “considerably undervalues Lexar,” and feels Lexar is worthy of among $one.five billion and $2.four billion. The estimate is perfectly earlier mentioned the revised takeover bid of about $827 million.
I need to https://www.washingtonpost.com/newssearch/?query=소액결제 concur and say the revised takeover bid is way way too reduced and ought to be turned down by shareholders. Micron wishes to shell out around one.10x sales for Lexar while the industry chief SanDisk (SNDK) is trading at 4.35x income. Lexar also has a $four hundred million patent infringement lawsuit versus Toshiba that it had Formerly won but is now subject to an attractiveness by Toshiba.
Give it some thought this fashion, a successful $four hundred million settlement in favor of Lexar would equate to 신용카드현금화 all over $four.83 per share in added funds to incorporate to The existing $0.fifty four in free money immediately after financial debt that Lexar has. What this means is Micron would pay out fewer than $five a share for Lexars property, that's reduced.
There is also speculation that SanDisk is significantly contemplating having a run at obtaining Lexar. This is able to sound right because SanDisk would solidify its leadership situation.
Additionally, SanDisk has an in depth working romance with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to accumulate Lexar.
Remain tune. A Specific shareholder Conference to evaluate the takeover bid has become moved to June sixteen. In my look at, the $ten bid undervalues Lexar. Dilemma is will a white knight surface area?