On Friday, flash media maker Lexar Media (LEXR) gained a higher revised takeover bid from Micron Know-how (MU). The revised bid spots the all-stock exchange offer you at about $ten a share, up marginally from your First bid.
But big shareholders including billionaire Trader Carl Icahn in conjunction with hedge resources and portfolio administrators have considered the Preliminary bid for being inappropriate. Elliott Associates thinks the Original bid “noticeably undervalues Lexar,” and feels Lexar is really worth in between $1.five billion and $two.4 billion. The estimate is very well higher than the revised takeover bid of about $827 million.
I http://edition.cnn.com/search/?text=소액결제 have to concur and say the revised takeover bid is way much too very low and has to be turned down by shareholders. Micron really wants to pay back close to 1.10x income for Lexar when the marketplace chief SanDisk (SNDK) is buying and selling at four.35x sales. Lexar also includes a $four hundred million patent infringement lawsuit from Toshiba that it had previously gained but has become subject matter to an appeal by Toshiba.
Think about it in this way, An effective $400 million settlement in favor of Lexar would equate to all around $four.83 for every share in added cash to include to the current $0.54 in free money just after financial debt that Lexar has. This suggests Micron would fork out less than $5 a share for Lexars property, and that is lower.
There is also speculation that SanDisk is critically serious about using a operate at buying Lexar. This would make sense since SanDisk would solidify its leadership situation.
Moreover, SanDisk has an in depth working marriage with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to amass Lexar.
Continue to be tune. A Particular shareholder Conference to critique the takeover bid has been moved to June sixteen. In my check out, the $10 bid undervalues Lexar. Problem is will a white 신용카드현금화 knight floor?