On Friday, flash media maker Lexar Media (LEXR) gained a greater revised takeover bid from Micron Technologies (MU). The revised bid spots the https://en.search.wordpress.com/?src=organic&q=소액결제 all-stock exchange supply at all around $ten a share, up marginally through the initial bid.
But big shareholders which include billionaire Trader Carl Icahn in conjunction with hedge funds and portfolio managers have considered the Original bid being inappropriate. Elliott Associates thinks the First bid “noticeably undervalues Lexar,” and feels Lexar is well worth between $one.5 billion and $2.4 billion. The estimate is nicely over the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way much too low and needs to be rejected by shareholders. Micron wants to pay back all-around one.10x income for Lexar while the market chief SanDisk (SNDK) is investing at four.35x income. Lexar also includes a $400 million patent infringement lawsuit against Toshiba that it experienced previously gained but is now subject matter to an appeal by Toshiba.
Give it some thought in this manner, An effective $four hundred million settlement in favor of Lexar would equate to all over $4.83 for each share in extra income so as 신용카드현금화 to add to The present $0.fifty four in cost-free hard cash following credit card debt that Lexar has. This means Micron would pay a lot less than $five a share for Lexars belongings, which can be reduced.
There is also speculation that SanDisk is very seriously considering taking a operate at acquiring Lexar. This would seem sensible because SanDisk would solidify its leadership posture.
Furthermore, SanDisk has an in depth Operating romance with Toshiba, which could see SanDisk fall or lessen the settlement if it managed to accumulate Lexar.
Keep tune. A Specific shareholder Conference to evaluate the takeover bid has long been moved to June sixteen. In my see, the $10 bid undervalues Lexar. Issue is will a white knight surface area?