On Friday, flash media maker Lexar Media (LEXR) received a better revised takeover bid from Micron Know-how (MU). The revised bid areas the all-stock exchange offer you at all around $10 a share, up marginally from the First bid.
But major shareholders including billionaire investor Carl Icahn in addition to hedge resources and portfolio supervisors have deemed the Preliminary bid to be inappropriate. Elliott Associates believes the Preliminary bid “significantly undervalues Lexar,” and feels Lexar is really worth between $1.five billion and $two.4 billion. The estimate is perfectly earlier mentioned the revised takeover https://en.search.wordpress.com/?src=organic&q=소액결제 bid of about $827 million.
I have to concur and say the revised takeover bid is way far too reduced and should be turned down by shareholders. Micron desires to pay out all over 1.10x income for Lexar though the marketplace leader SanDisk (SNDK) is investing at four.35x profits. Lexar also incorporates a $four hundred million patent infringement lawsuit towards Toshiba that it experienced previously received but is now subject to an attractiveness by Toshiba.
Give it some thought in this way, An effective $400 million settlement in favor of Lexar would equate to close to $four.83 for each share in extra cash to add to The existing $0.fifty four in cost-free dollars following financial debt that Lexar has. This implies Micron would shell out under $five a share for Lexars belongings, that's lower.
There is certainly also speculation that SanDisk is critically thinking of taking a run at buying Lexar. This may sound right because SanDisk would solidify its Management place.
Also, SanDisk has a detailed Functioning romance with Toshiba, which could see SanDisk fall or decrease the settlement if it managed to acquire Lexar.
Stay tune. A Specific shareholder meeting to evaluate the takeover bid has actually been moved to June 16. In my look at, the $10 bid undervalues Lexar. 신용카드현금화 Problem is will a white knight floor?