On Friday, flash media maker Lexar Media (LEXR) acquired a greater revised takeover bid from Micron Technological know-how (MU). The revised bid locations the all-inventory Trade present at about $10 a share, up marginally with the First bid.
But significant shareholders which include billionaire Trader Carl Icahn coupled with hedge cash and portfolio managers have deemed the Preliminary bid to generally be inappropriate. Elliott Associates thinks the initial bid “substantially undervalues Lexar,” and feels Lexar is well worth amongst $one.five billion and $two.4 billion. The estimate is very well previously 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 far too very low and should be turned down by shareholders. Micron wishes to pay all-around one.10x profits for Lexar when the marketplace chief SanDisk (SNDK) is investing at 4.35x income. Lexar also includes a $four hundred million patent infringement lawsuit versus Toshiba that it experienced Formerly received 소액결제정책 but is currently issue to an attraction by Toshiba.
Think it over using this method, A prosperous $four hundred million settlement in favor of Lexar would equate to all over $four.83 for each share in further cash to include to The existing $0.54 in free money just after financial debt that Lexar has. This suggests Micron would pay lower than $five a share for Lexars property, that's reduced.
There's also speculation that SanDisk is critically serious about taking a operate at attaining Lexar. This is able to make sense considering the fact that SanDisk would solidify its leadership posture.
Also, SanDisk has an in depth Operating romance with Toshiba, which could see SanDisk fall or lessen the settlement if it managed to obtain Lexar.
Remain tune. A Exclusive shareholder Conference to critique the takeover bid continues to be moved to June sixteen. In my watch, the $10 bid undervalues Lexar. Query is will a white knight area?