On Friday, flash media maker Lexar Media (LEXR) obtained the next revised takeover bid from Micron Technological innovation (MU). The revised bid destinations the all-stock Trade give at all over $10 a share, up marginally from your initial bid.
But important shareholders such as billionaire investor Carl Icahn as well as hedge money and portfolio administrators have deemed the First bid for being inappropriate. Elliott Associates believes the First bid “considerably undervalues Lexar,” and feels Lexar is worthy of involving $1.5 billion and $2.4 billion. The estimate is nicely over the revised takeover bid of about $827 million.
I need to concur and say the revised takeover bid is way also minimal and needs to be turned down by shareholders. Micron wishes to pay out all around one.10x profits 신용카드현금화 for Lexar even though the industry leader SanDisk (SNDK) is buying and selling at four.35x gross sales. Lexar also has a $four hundred million patent infringement lawsuit versus Toshiba that it had Formerly won but is currently subject matter to an attractiveness by Toshiba.
Consider it this fashion, a successful $400 million settlement in favor of Lexar would equate to all over $four.eighty three per share in additional income to include to The existing $0.54 in free hard cash right after credit card debt that Lexar has. This means Micron would shell out a lot less than $five a share for Lexars assets, that is small.
There is also speculation that SanDisk is seriously contemplating taking a run at attaining Lexar. This might seem sensible due to the fact SanDisk would solidify its leadership position.
Additionally, https://www.washingtonpost.com/newssearch/?query=소액결제 SanDisk has a close Operating romance with Toshiba, which could see SanDisk fall or lessen the settlement if it managed to amass Lexar.
Continue to be tune. A special shareholder meeting to evaluation the takeover bid has long been moved to June sixteen. In my perspective, the $ten bid undervalues Lexar. Concern is will a white knight surface?