On Friday, flash media maker Lexar Media (LEXR) obtained a greater revised takeover bid from Micron Technology (MU). The revised https://en.search.wordpress.com/?src=organic&q=소액결제 bid locations the all-stock exchange give at about $10 a share, up marginally through the initial bid.
But major shareholders such as billionaire Trader Carl Icahn as well as hedge money and portfolio professionals have considered the Original bid to get inappropriate. Elliott Associates thinks the Preliminary bid “considerably undervalues Lexar,” and 정보이용료 feels Lexar is truly worth concerning $1.five billion and $2.four billion. The estimate is well above the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way far too reduced and needs to be rejected by shareholders. Micron wishes to pay close to 1.10x gross sales for Lexar when the market chief SanDisk (SNDK) is trading at four.35x profits. Lexar also features a $four hundred million patent infringement lawsuit in opposition to Toshiba that it had previously won but is now matter to an enchantment by Toshiba.
Think about it by doing this, a successful $four hundred million settlement in favor of Lexar would equate to all around $four.eighty three for every share in further income to incorporate to The existing $0.fifty four in totally free hard cash following financial debt that Lexar has. This suggests Micron would fork out fewer than $5 a share for Lexars assets, and that is low.
There is certainly also speculation that SanDisk is critically thinking about taking a run at acquiring Lexar. This might sound right due to the fact SanDisk would solidify its leadership place.
Furthermore, SanDisk has a detailed Functioning romantic relationship with Toshiba, which could see SanDisk drop or reduce the settlement if it managed to accumulate Lexar.
Keep tune. A Distinctive shareholder Assembly to evaluate the takeover bid is moved to June sixteen. In my look at, the $ten bid undervalues Lexar. Problem is will a white knight surface area?