On Friday, flash media maker Lexar Media (LEXR) been given a greater revised takeover bid from Micron Technologies (MU). The revised bid destinations the all-inventory Trade provide at all https://en.wikipedia.org/wiki/?search=소액결제 over $ten a share, up marginally in the Preliminary bid.
But significant shareholders such as billionaire investor Carl Icahn in conjunction with hedge funds and portfolio professionals have considered the First bid for being inappropriate. Elliott Associates thinks the Original bid “appreciably undervalues Lexar,” and feels Lexar is well worth between $1.five billion and $two.4 billion. The estimate is very well over the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is way far too reduced and has to be turned down by shareholders. Micron would like to pay out all around 1.10x sales for Lexar when the marketplace chief SanDisk (SNDK) is investing at four.35x gross sales. Lexar also includes a $400 million patent infringement lawsuit from Toshiba that it had previously won but is now topic to an enchantment by Toshiba.
Consider it this fashion, A prosperous $400 million settlement in favor of Lexar would equate to about $4.83 for every share in supplemental hard cash to incorporate to The existing $0.fifty four in free income just after financial debt that Lexar has. This implies Micron would spend fewer than $5 a share for Lexars belongings, and that is reduced.
There's also speculation that SanDisk is critically thinking of getting a run at obtaining Lexar. 신용카드현금화 This might sound right since SanDisk would solidify its leadership posture.
Also, SanDisk has a detailed working relationship with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to obtain Lexar.
Continue to be tune. A Exclusive shareholder Assembly to evaluate the takeover bid has become moved to June 16. In my see, the $ten bid undervalues Lexar. Concern is will a white knight area?