Don't Buy Into These "Trends" About 정보이용료

On Friday, flash media maker Lexar Media (LEXR) gained the next revised takeover bid from Micron Technologies (MU). The revised bid areas the all-inventory Trade supply at all over $10 a share, up marginally within the Original bid.

But major shareholders including billionaire Trader Carl Icahn as well as hedge money and portfolio managers have deemed the Preliminary bid being inappropriate. Elliott Associates believes the First bid “drastically undervalues Lexar,” and feels Lexar is well worth in between $1.five billion and $two.4 billion. The estimate is nicely higher than the revised takeover bid of about $827 million.

I must concur and say the revised takeover bid is way far too very low and ought to be rejected by shareholders. Micron hopes to fork out all over 1.10x product sales for Lexar although the market leader SanDisk (SNDK) is investing at 4.35x income. Lexar also features a $400 million patent infringement lawsuit against Toshiba that it experienced Earlier gained but is currently matter to an appeal by Toshiba.

Give it some thought in this manner, a successful $four hundred million settlement in favor of Lexar would equate to all http://query.nytimes.com/search/sitesearch/?action=click&contentCollection&region=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/소액결제 over $4.83 per share in additional hard cash to incorporate to The present $0.54 in free of charge income following financial debt that Lexar 정보이용료 has. This implies Micron would pay out a lot less than $5 a share for Lexars assets, that's reduced.

There exists also speculation that SanDisk is severely serious about using a operate at obtaining Lexar. This may make sense since SanDisk would solidify its Management posture.

Moreover, SanDisk has an in depth working partnership with Toshiba, which could see SanDisk fall or reduce the settlement if it managed to obtain Lexar.

Remain tune. A special shareholder Conference to evaluation the takeover bid continues to be moved to June sixteen. In my look at, the $10 bid undervalues Lexar. Query is will a white knight surface?