On Friday, flash media maker Lexar Media (LEXR) been given an increased revised takeover bid from Micron Technological know-how (MU). The revised bid areas the all-inventory exchange provide at close to $10 a share, up marginally through the initial bid. 소액결제현금화
But main shareholders including billionaire Trader Carl Icahn coupled with hedge resources and portfolio managers have considered the initial bid to be inappropriate. Elliott Associates thinks the First bid “drastically undervalues Lexar,” and feels Lexar is well worth among $one.five billion and $2.4 billion. The estimate is very well earlier mentioned the revised takeover bid of about $827 million.
I have to concur and http://edition.cnn.com/search/?text=소액결제 say the revised takeover bid is way way too very low and ought to be turned down by shareholders. Micron hopes to pay around one.10x product sales for Lexar when the market leader SanDisk (SNDK) is investing at four.35x profits. Lexar also provides a $400 million patent infringement lawsuit in opposition to Toshiba that it experienced Beforehand received but is now subject to an appeal by Toshiba.
Think about it in this way, A prosperous $four hundred million settlement in favor of Lexar would equate to about $4.83 for each share in more income so as to add to The present $0.54 in free hard cash after personal debt that Lexar has. This implies Micron would fork out less than $five a share for Lexars property, which can be very low.
You can find also speculation that SanDisk is seriously serious about having a operate at attaining Lexar. This may sound right considering that SanDisk would solidify its Management placement.
In addition, SanDisk has a close working romantic relationship with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to amass Lexar.
Remain tune. A Specific shareholder Assembly to assessment the takeover bid has actually been moved to June 16. In my look at, the $ten bid undervalues Lexar. Question is will a white knight surface area?