On Friday, flash media maker Lexar Media (LEXR) gained an increased revised takeover bid from Micron Technologies (MU). The revised bid destinations the all-stock exchange offer at close to $10 a share, up marginally in the Preliminary bid.
But main shareholders like billionaire investor Carl Icahn as well as hedge resources and portfolio managers have considered the First bid 소액결제정책 being inappropriate. Elliott Associates believes the Preliminary bid “drastically undervalues Lexar,” and feels Lexar is value among $1.5 billion and $2.4 billion. The estimate is very well higher than the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way too low and should be rejected by shareholders. Micron wishes to spend around 1.10x income for Lexar even though the industry chief SanDisk (SNDK) is buying and selling at 4.35x revenue. Lexar also includes a $four hundred million patent infringement lawsuit against Toshiba that it experienced Formerly won but has become issue to an attraction by Toshiba.
Think about it using this method, An effective $400 million settlement in favor of Lexar would equate to all over $four.83 per share in extra dollars to incorporate to The present $0.fifty four in free of charge money just after personal debt that Lexar has. This implies Micron would spend below $five a share for Lexars property, that is reduced.
There https://en.search.wordpress.com/?src=organic&q=소액결제 may be also speculation that SanDisk is very seriously thinking of having a run at getting Lexar. This could sound right since SanDisk would solidify its leadership posture.
What's more, SanDisk has a detailed Doing the job romantic relationship with Toshiba, which could see SanDisk fall or reduce the settlement if it managed to accumulate Lexar.
Keep tune. A Specific shareholder Conference to critique the takeover bid has become moved to June 16. In my watch, the $ten bid undervalues Lexar. Concern is will a white knight area?