On 신용카드현금화 Friday, flash media maker Lexar Media (LEXR) gained a better revised takeover bid from Micron Technology (MU). The revised bid places the all-stock exchange offer at all-around $ten a share, up marginally in the Preliminary bid.
But important shareholders such as billionaire investor Carl Icahn together with hedge funds and portfolio administrators have deemed the First bid to become inappropriate. Elliott Associates believes the Original bid “appreciably undervalues Lexar,” and feels Lexar is value among $1.5 billion and $two.four billion. The estimate is very well above the revised takeover bid of about $827 million.
I need to concur and say the revised takeover bid http://www.bbc.co.uk/search?q=소액결제 is way far too small and really should be turned down by shareholders. Micron desires to pay back about one.10x gross sales for Lexar even though the marketplace chief SanDisk (SNDK) is investing at 4.35x revenue. Lexar also has a $four hundred million patent infringement lawsuit from Toshiba that it had Formerly received but has become subject matter to an enchantment by Toshiba.
Consider it using this method, An effective $400 million settlement in favor of Lexar would equate to all over $4.83 per share in extra funds to add to the current $0.54 in cost-free dollars after personal debt that Lexar has. This suggests Micron would spend below $5 a share for Lexars assets, that's small.
You can find also speculation that SanDisk is critically serious about taking a operate at getting Lexar. This would seem sensible given that SanDisk would solidify its Management posture.
Also, SanDisk has a close working romance with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to accumulate Lexar.
Remain tune. A Particular shareholder meeting to evaluate the takeover bid has become moved to June 16. In my perspective, the $10 bid undervalues Lexar. Issue is will a white knight area?