On Friday, flash media maker Lexar Media (LEXR) received an increased revised takeover bid from Micron Know-how (MU). The revised bid areas the all-stock exchange offer you at all-around $ten a share, up marginally in the Original bid.
But big shareholders like billionaire Trader Carl Icahn coupled with hedge cash and portfolio supervisors have deemed the Preliminary bid to become inappropriate. Elliott Associates thinks the First bid “significantly undervalues Lexar,” and feels Lexar is worth among $1.five billion and $2.4 billion. The estimate is very well over the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid 신용카드현금화 is way too reduced and has to be rejected by shareholders. Micron would like to pay out all over 1.10x profits for Lexar whilst the industry chief SanDisk (SNDK) is trading at 4.35x product sales. Lexar also has a $four hundred million patent infringement lawsuit from Toshiba that it experienced previously received but has become issue to an charm by Toshiba.
Consider it using this method, A prosperous $400 million settlement in favor of Lexar would equate to all around $4.83 per share in additional funds to include to The present $0.fifty four in cost-free hard cash following credit card debt that Lexar has. This implies Micron would pay out a lot less than $five a share for Lexars assets, which happens to be reduced.
There is also speculation that SanDisk is severely contemplating having a operate at acquiring Lexar. This might sound right given that SanDisk would solidify its Management situation.
Furthermore, SanDisk has an in depth Performing connection with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to amass Lexar.
Keep tune. A Exclusive shareholder Assembly to review the takeover bid has become moved to June 16. In my watch, the $ten bid undervalues Lexar. Issue is will https://en.search.wordpress.com/?src=organic&q=소액결제 a white knight floor?