On Friday, flash media maker Lexar Media (LEXR) been given the next revised takeover bid from Micron Technologies (MU). The revised bid sites the all-inventory exchange offer https://en.search.wordpress.com/?src=organic&q=소액결제 at about $10 a share, up marginally within the First bid.
But important shareholders which includes billionaire Trader Carl Icahn together with hedge funds and portfolio managers have deemed the Original bid being inappropriate. Elliott Associates thinks the First bid “noticeably undervalues Lexar,” and feels Lexar is well worth between $one.five billion and $2.4 billion. The estimate is well over the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way as well very low and must be rejected by shareholders. Micron would like to spend around one.10x sales for Lexar while the market leader SanDisk (SNDK) is buying and selling at 4.35x profits. Lexar also provides a $400 million patent infringement lawsuit versus Toshiba that it had Beforehand received but has become subject to an attraction by Toshiba.
Think about it this fashion, A prosperous $400 million settlement in favor of Lexar would equate to all-around $four.83 per share in added income to include to The present $0.54 in no cost income immediately after debt that Lexar has. This means Micron would shell out a lot less than $5 a share for Lexars belongings, which happens to be small.
You can find also speculation that SanDisk is very seriously thinking about using a operate at getting Lexar. This might sound right due to the fact SanDisk would solidify its Management place.
Also, SanDisk has an in depth 정보이용료 Doing the job marriage with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to acquire Lexar.
Keep tune. A Distinctive shareholder Assembly to review the takeover bid continues to be moved to June 16. In my check out, the $ten bid undervalues Lexar. Concern is will a white knight surface area?