On Friday, flash media maker Lexar Media (LEXR) received a better revised takeover bid from Micron Engineering (MU). The revised bid locations the all-stock exchange present at about $10 a share, up marginally from your initial bid.
But major shareholders like billionaire Trader Carl Icahn together with hedge money and portfolio managers have deemed the Original bid being inappropriate. Elliott Associates believes the Original bid “noticeably undervalues Lexar,” and feels Lexar is value between $1.5 billion and $two.4 billion. The estimate is nicely earlier mentioned the revised takeover bid of about $827 million.
I must concur and say the revised takeover bid is way way too low and needs to be rejected by shareholders. Micron 정보이용료 would like to shell out about one.10x revenue for Lexar while the marketplace leader SanDisk (SNDK) is investing at 4.35x profits. Lexar also provides a $four hundred million patent infringement lawsuit versus Toshiba that it had Formerly received but is now subject to an attraction by Toshiba.
Consider it this fashion, a successful $400 million settlement in https://en.wikipedia.org/wiki/?search=소액결제 favor of Lexar would equate to around $four.83 for every share in added dollars to incorporate to The present $0.fifty four in no cost funds soon after personal debt that Lexar has. This means Micron would shell out less than $5 a share for Lexars property, and that is very low.
There is certainly also speculation that SanDisk is significantly pondering using a run at obtaining Lexar. This might sound right since SanDisk would solidify its Management situation.
What's more, SanDisk has an in depth working romantic relationship with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to accumulate Lexar.
Continue to be tune. A Distinctive shareholder Conference to evaluation the takeover bid has long been moved to June 16. In my see, the $10 bid undervalues Lexar. Concern is will a white knight floor?