On Friday, flash media maker Lexar Media (LEXR) acquired a better revised takeover bid from Micron Engineering (MU). The revised bid sites the all-inventory Trade present at around $ten a share, up marginally in the First bid.
But significant shareholders like billionaire investor Carl Icahn together with hedge money and portfolio professionals have considered the initial bid to be inappropriate. Elliott Associates believes the First bid “noticeably undervalues Lexar,” and feels Lexar is really worth in between $one.five billion and $two.4 billion. The estimate is well above the revised takeover bid of about $827 million.
I must concur and say the revised http://edition.cnn.com/search/?text=소액결제 takeover bid is way far too very low and must be turned down by shareholders. Micron wants to pay out all-around one.10x income for Lexar even though the industry chief SanDisk (SNDK) is trading at four.35x profits. Lexar also includes a $400 million patent infringement lawsuit towards Toshiba that it experienced Earlier received but is now matter to an enchantment by Toshiba.
Consider it this way, An effective $four hundred million settlement in favor of Lexar would equate to about $4.83 for every share in extra funds to include to The existing $0.fifty four in cost-free money just after personal debt that Lexar has. This implies Micron would pay out under $five a share for Lexars assets, 정보이용료 which is minimal.
There's also speculation that SanDisk is critically contemplating having a operate at obtaining Lexar. This would sound right because SanDisk would solidify its leadership position.
What's more, SanDisk has a detailed working romantic relationship with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to acquire Lexar.
Remain tune. A Specific shareholder Assembly to evaluate the takeover bid has become moved to June sixteen. In my view, the $ten bid undervalues Lexar. Dilemma is will a white knight floor?