On Friday, flash media maker Lexar Media (LEXR) gained the next revised takeover bid from Micron Technologies (MU). The revised bid locations the all-inventory Trade provide at all-around $ten a share, up marginally within the Original bid.
But important shareholders like billionaire investor Carl Icahn along with hedge resources and portfolio professionals have considered the initial bid for being inappropriate. Elliott Associates thinks the Preliminary bid “noticeably undervalues Lexar,” and feels Lexar is well worth involving $1.5 billion and $two.4 billion. The estimate is well over the revised takeover bid of 소액결제정책 about $827 million.
I need to concur and say the revised takeover bid is way way too lower and must be rejected by shareholders. Micron wishes to pay about one.10x profits for Lexar while the industry leader SanDisk (SNDK) is buying and selling at four.35x gross sales. Lexar also contains a $four hundred million patent infringement lawsuit in opposition to Toshiba that it experienced Beforehand won but has become issue to an attraction by Toshiba.
Think about it in this manner, An effective $four hundred million settlement in favor of Lexar would equate to close to $four.eighty three for each share in more hard cash to incorporate to The existing $0.fifty four in no cost money right after credit card debt that Lexar has. This implies Micron would shell out fewer than $5 a share for Lexars property, which is small.
There is also speculation that SanDisk is critically serious about getting a operate at getting Lexar. This may seem sensible due to the fact SanDisk would solidify its Management place.
Also, SanDisk has an in depth Doing work partnership with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to accumulate Lexar.
Keep tune. A Particular shareholder Assembly to evaluate the takeover bid continues to be moved to June sixteen. In my see, the $10 bid undervalues Lexar. Query is will a http://www.bbc.co.uk/search?q=소액결제 white knight area?