On Friday, flash media maker Lexar Media (LEXR) been given an increased revised takeover bid from Micron Technological know-how (MU). The revised bid spots the all-inventory Trade give at all-around $10 a share, up marginally with the initial bid.
But main shareholders which include billionaire investor Carl Icahn coupled with hedge funds and portfolio professionals have considered the initial bid to generally be inappropriate. Elliott Associates thinks the initial bid “considerably undervalues Lexar,” and feels Lexar is worth in between $1.five billion and $two.four billion. The estimate is very well earlier mentioned the revised takeover bid of about $827 https://en.wikipedia.org/wiki/?search=소액결제 million.
I have to concur and say the revised takeover bid is way far too lower and should be turned down by shareholders. Micron desires to spend close to 1.10x revenue for Lexar though the marketplace leader SanDisk (SNDK) is trading at 4.35x sales. Lexar also includes a $400 million patent infringement lawsuit versus Toshiba that it experienced previously received but is now subject matter to an attractiveness by Toshiba.
Give it some thought in this manner, An effective $four hundred million settlement in favor of Lexar would equate to all around $4.eighty three for each share in additional 정보이용료 income to include to the current $0.fifty four in totally free hard cash just after financial debt that Lexar has. What this means is Micron would shell out fewer than $five a share for Lexars belongings, which is small.
There's also speculation that SanDisk is significantly thinking of having a operate at buying Lexar. This may sound right due to the fact SanDisk would solidify its Management position.
In addition, SanDisk has a detailed Doing the job romance with Toshiba, which could see SanDisk drop or reduce the settlement if it managed to obtain Lexar.
Remain tune. A Specific shareholder Assembly to critique the takeover bid is moved to June sixteen. In my view, the $ten bid undervalues Lexar. Problem is will a white knight surface area?