On 정보이용료 Friday, flash media maker Lexar Media (LEXR) been given a higher revised takeover bid from Micron Engineering (MU). The revised bid areas the all-inventory Trade provide at about $ten a share, up marginally in the First bid.
But key shareholders like billionaire investor Carl Icahn in addition to hedge resources and portfolio professionals have considered the First bid being inappropriate. Elliott Associates believes the Original bid “significantly undervalues Lexar,” and feels Lexar is value in between $one.five billion and $2.4 billion. The estimate is nicely over the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is http://www.bbc.co.uk/search?q=소액결제 way much too low and really should be turned down by shareholders. Micron wants to shell out about one.10x profits for Lexar though the marketplace chief SanDisk (SNDK) is trading at 4.35x revenue. Lexar also has a $four hundred million patent infringement lawsuit towards Toshiba that it had Earlier won but is now matter to an enchantment by Toshiba.
Think it over in this manner, a successful $400 million settlement in favor of Lexar would equate to about $4.eighty three for each share in more cash to include to The present $0.54 in cost-free funds just after credit card debt that Lexar has. This suggests Micron would pay less than $five a share for Lexars assets, which can be small.
There's also speculation that SanDisk is significantly thinking of taking a operate at buying Lexar. This could seem sensible considering that SanDisk would solidify its Management position.
In addition, SanDisk has an in depth working romantic relationship with Toshiba, which could see SanDisk fall or reduce the settlement if it managed to obtain Lexar.
Stay tune. A special shareholder Conference to evaluate the takeover bid has actually been moved to June sixteen. In my watch, the $ten bid undervalues Lexar. Question is will a white knight surface?