On Friday, flash media maker Lexar Media (LEXR) obtained the next revised takeover bid from Micron Engineering (MU). The revised bid destinations the all-inventory Trade supply at all-around $10 a share, up marginally with the Original bid.
But key shareholders which includes billionaire Trader Carl Icahn in addition to hedge funds and portfolio managers have considered the Original bid to generally be inappropriate. Elliott Associates believes the First bid “substantially undervalues Lexar,” and feels Lexar is worth concerning $1.five billion and $two.four billion. The estimate is very well higher than the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way much too very low and must be turned down by shareholders. http://www.bbc.co.uk/search?q=소액결제 Micron hopes to fork out around one.10x revenue for Lexar even though the marketplace leader SanDisk (SNDK) is investing at four.35x revenue. Lexar also incorporates a $four hundred million patent infringement lawsuit against Toshiba that it experienced Earlier received but is now issue to an attractiveness by Toshiba.
Consider it by doing this, A prosperous $400 million settlement in favor of Lexar would equate to all over $4.83 per share in supplemental dollars to include to The present $0.fifty four in cost-free money following credit card debt that Lexar has. This means Micron would shell out below $5 a share for Lexars belongings, that is low.
You can find also speculation that SanDisk is seriously considering getting a operate at obtaining Lexar. This could sound right considering 신용카드현금화 the fact that SanDisk would solidify its Management place.
Additionally, SanDisk has a close Performing marriage with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to acquire Lexar.
Keep tune. A special shareholder meeting to overview the takeover bid has long been moved to June 16. In my perspective, the $ten bid undervalues Lexar. Question is will a white knight floor?