A Look Into the Future: What Will the 소액결제현금화 Industry Look Like in 10 Years?

On Friday, flash media maker Lexar Media (LEXR) received a greater revised takeover bid from Micron Technologies (MU). The revised bid 소액결제정책 sites the all-stock Trade provide at all over $10 a share, up marginally within the First bid.

But big shareholders which includes billionaire investor Carl Icahn as well as hedge funds and portfolio administrators have considered the First bid to be inappropriate. Elliott Associates thinks the Original bid “considerably undervalues Lexar,” and feels Lexar is really worth between $one.five billion and $2.four billion. The estimate is nicely earlier mentioned the revised takeover bid of about $827 million.

I have to concur and say the revised takeover bid is way as well minimal and must be turned down by shareholders. Micron would like to fork out around 1.10x profits for Lexar while the marketplace leader SanDisk (SNDK) is buying and selling at four.35x gross sales. Lexar also incorporates a $400 million patent infringement lawsuit towards Toshiba that it had previously received but is currently issue to an appeal http://query.nytimes.com/search/sitesearch/?action=click&contentCollection&region=TopBar&WT.nav=searchWidget&module=SearchSubmit&pgtype=Homepage#/소액결제 by Toshiba.

Think it over this fashion, A prosperous $400 million settlement in favor of Lexar would equate to all-around $4.eighty three for every share in extra hard cash to incorporate to the current $0.54 in free income following credit card debt that Lexar has. This implies Micron would pay out under $5 a share for Lexars assets, and that is low.

You can find also speculation that SanDisk is critically serious about getting a run at buying Lexar. This may seem sensible given that SanDisk would solidify its leadership placement.

What's more, SanDisk has a detailed Doing the job connection with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to amass Lexar.

Continue to be tune. A Exclusive shareholder Assembly to evaluate the takeover bid is moved to June 16. In my perspective, the $ten bid undervalues Lexar. Issue is will a white knight floor?