On Friday, flash media maker Lexar Media (LEXR) obtained a better revised takeover bid from Micron Technological innovation (MU). The revised bid areas the all-inventory Trade offer you at close to $ten a share, up marginally with the initial bid.
But major shareholders such as billionaire investor Carl Icahn in addition to hedge funds and portfolio professionals have considered the Preliminary bid for being inappropriate. Elliott Associates believes the Original bid “substantially undervalues Lexar,” and feels Lexar is truly worth amongst $one.five billion and $2.four billion. The estimate is properly previously mentioned the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way also minimal and must be rejected by https://en.wikipedia.org/wiki/?search=소액결제 shareholders. Micron would like to shell out about 1.10x revenue for Lexar although the industry leader SanDisk (SNDK) is buying and selling at 4.35x gross sales. Lexar also includes a $400 million patent infringement lawsuit from Toshiba that it experienced previously received but is now subject matter to an attraction by Toshiba.
Think about it using this method, A prosperous $four hundred million 정보이용료 settlement in favor of Lexar would equate to about $four.eighty three per share in further dollars to include to The existing $0.54 in free money immediately after financial debt that Lexar has. This means Micron would pay less than $five a share for Lexars assets, that's reduced.
There is also speculation that SanDisk is critically pondering taking a operate at obtaining Lexar. This might make sense due to the fact SanDisk would solidify its Management place.
Moreover, SanDisk has an in depth Functioning marriage with Toshiba, which could see SanDisk fall or lessen the settlement if it managed to amass Lexar.
Continue to be tune. A Specific shareholder Conference to evaluate the takeover bid continues to be moved to June 16. In my check out, the $ten bid undervalues Lexar. Problem is will a white knight floor?