On Friday, flash media maker Lexar Media (LEXR) acquired a greater revised takeover bid from Micron Know-how (MU). The revised bid places the all-stock exchange provide at all around https://en.wikipedia.org/wiki/?search=소액결제 $ten a share, up marginally with the Original bid.
But key shareholders together with billionaire investor Carl Icahn along with hedge cash and portfolio administrators have considered the First bid to get inappropriate. Elliott Associates believes the Original bid “considerably undervalues Lexar,” and feels Lexar is well worth between $1.5 billion and $2.4 billion. The estimate is very well over the revised takeover bid of about $827 million.
I need to concur and say the revised takeover bid is way far too reduced and has to be turned down by shareholders. Micron wants to shell out about 1.10x product sales for Lexar though the marketplace leader SanDisk (SNDK) is investing at four.35x sales. Lexar also provides a $four hundred million patent infringement lawsuit from Toshiba that it experienced Beforehand won but has become subject matter to an charm by 정보이용료 Toshiba.
Think about it by doing this, a successful $400 million settlement in favor of Lexar would equate to all-around $four.83 for every share in further hard cash so as to add to The present $0.fifty four in free funds following financial debt that Lexar has. This implies Micron would spend lower than $5 a share for Lexars belongings, and that is low.
You can find also speculation that SanDisk is severely contemplating getting a operate at obtaining Lexar. This may make sense considering that SanDisk would solidify its Management posture.
Also, SanDisk has an in depth working connection with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to amass Lexar.
Continue to be tune. A Exclusive shareholder meeting to overview the takeover bid has long been moved to June sixteen. In my view, the $ten bid undervalues Lexar. Concern is will a white knight area?