On https://en.search.wordpress.com/?src=organic&q=소액결제 Friday, flash media maker Lexar Media (LEXR) been given a higher revised takeover bid from Micron Technologies (MU). The revised bid destinations the all-inventory Trade give 정보이용료 at all over $ten a share, up marginally in the First bid.
But important shareholders including billionaire investor Carl Icahn along with hedge cash and portfolio administrators have deemed the Original bid to become inappropriate. Elliott Associates believes the First bid “noticeably undervalues Lexar,” and feels Lexar is truly worth amongst $one.5 billion and $2.4 billion. The estimate is effectively over the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way way too reduced and needs to be rejected by shareholders. Micron wants to pay back about 1.10x sales for Lexar whilst the market leader SanDisk (SNDK) is buying and selling at 4.35x product sales. Lexar also includes a $400 million patent infringement lawsuit versus Toshiba that it experienced Beforehand received but is now topic to an appeal by Toshiba.
Think about it in this way, a successful $400 million settlement in favor of Lexar would equate to close to $four.eighty three per share in supplemental hard cash to incorporate to The existing $0.54 in no cost funds just after personal debt that Lexar has. What this means is Micron would pay less than $five a share for Lexars belongings, which can be minimal.
There is certainly also speculation that SanDisk is very seriously pondering using a operate at getting Lexar. This is able to sound right since SanDisk would solidify its Management posture.
Also, SanDisk has a detailed working marriage with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to obtain Lexar.
Stay tune. A Particular shareholder Conference to critique the takeover bid has been moved to June 16. In my check out, the $ten bid undervalues Lexar. Dilemma is will a white knight surface?