On Friday, flash media maker Lexar Media (LEXR) been given a higher revised takeover bid from Micron Know-how (MU). The revised bid places the all-inventory exchange offer you at all-around $ten a share, up marginally within the Preliminary bid.
But big shareholders including billionaire Trader Carl Icahn along with hedge money and portfolio managers have deemed the Preliminary bid to generally be inappropriate. Elliott Associates believes the initial bid “significantly undervalues Lexar,” and feels Lexar is well worth in between $one.5 billion and $two.four billion. The estimate is nicely above the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way https://en.wikipedia.org/wiki/?search=소액결제 far too lower and needs to be rejected by shareholders. Micron would like to shell out all around one.10x product sales for Lexar while the industry chief SanDisk (SNDK) is trading at four.35x income. Lexar also features a $four hundred million patent infringement lawsuit versus Toshiba that it had Beforehand won but has become subject matter to an enchantment by Toshiba.
Think about it by doing this, A prosperous $four hundred million settlement in favor of Lexar would equate to about $four.83 for each share in supplemental money to add to The present $0.fifty four in free funds soon after personal debt that Lexar has. What 소액결제정책 this means is Micron would pay out under $5 a share for Lexars property, which is lower.
There's also speculation that SanDisk is seriously serious about having a run at acquiring Lexar. This is able to make sense due to the fact SanDisk would solidify its leadership position.
In addition, SanDisk has a detailed Performing romantic relationship with Toshiba, which could see SanDisk fall or lessen the settlement if it managed to accumulate Lexar.
Continue to be tune. A special shareholder Conference to evaluate the takeover bid has become moved to June sixteen. In my see, the $10 bid undervalues Lexar. Question is will a white knight floor?