On Friday, flash media maker Lexar Media (LEXR) gained the next revised takeover bid from Micron Technologies (MU). The revised bid locations the all-inventory Trade offer you at all over $10 a 신용카드현금화 share, up marginally from the First bid.
But major shareholders which includes billionaire investor Carl Icahn together with hedge resources and portfolio professionals have deemed the Original bid to become inappropriate. Elliott Associates believes the Original bid “considerably undervalues Lexar,” and feels Lexar is truly worth in between $one.five billion and $two.four billion. The estimate is nicely over the revised takeover bid of about $827 million.
I must concur and say the revised takeover https://en.search.wordpress.com/?src=organic&q=소액결제 bid is way as well lower and needs to be turned down by shareholders. Micron would like to pay back about 1.10x sales for Lexar when the market leader SanDisk (SNDK) is investing at 4.35x income. Lexar also provides a $four hundred million patent infringement lawsuit towards Toshiba that it experienced previously won but is currently matter to an attractiveness by Toshiba.
Consider it in this way, a successful $four hundred million settlement in favor of Lexar would equate to around $four.83 per share in more money so as to add to The existing $0.54 in free of charge cash following personal debt that Lexar has. What this means is Micron would spend below $five a share for Lexars belongings, which happens to be small.
There is certainly also speculation that SanDisk is very seriously serious about taking a operate at obtaining Lexar. This could sound right since SanDisk would solidify its leadership position.
In addition, SanDisk has a detailed Operating relationship with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to acquire Lexar.
Remain tune. A Specific shareholder Assembly to overview the takeover bid has become moved to June 16. In my see, the $10 bid undervalues Lexar. Question is will a white knight surface area?