On Friday, flash 정보이용료 media maker Lexar Media (LEXR) obtained a higher revised takeover bid from Micron Technological innovation (MU). The revised bid areas the all-inventory Trade present at close to $ten a share, up marginally within the Preliminary bid.
But big shareholders including billionaire investor Carl Icahn in addition to hedge funds and portfolio supervisors have deemed the First bid to get inappropriate. Elliott Associates believes the First bid “significantly undervalues Lexar,” and feels Lexar is truly worth between $one.5 billion and $two.4 billion. The estimate is very well previously mentioned the revised takeover bid of about $827 million.
I have to concur and say the revised takeover bid is https://en.search.wordpress.com/?src=organic&q=소액결제 way as well very low and really should be rejected by shareholders. Micron really wants to shell out around one.10x profits for Lexar though the industry leader SanDisk (SNDK) is trading at 4.35x income. Lexar also provides a $400 million patent infringement lawsuit versus Toshiba that it experienced previously gained but has become topic to an attractiveness by Toshiba.
Think it over in this manner, An effective $four hundred million settlement in favor of Lexar would equate to all-around $four.83 for every share in further hard cash to incorporate to the current $0.54 in free income after debt that Lexar has. This suggests Micron would fork out under $five a share for Lexars belongings, that's lower.
There's also speculation that SanDisk is critically serious about taking a operate at obtaining Lexar. This is able to sound right considering that SanDisk would solidify its leadership placement.
What's more, SanDisk has a close Functioning marriage with Toshiba, which could see SanDisk drop or decrease the settlement if it managed to obtain Lexar.
Stay tune. A Particular shareholder Conference to assessment the takeover bid has become moved to June 16. In my look at, the $ten bid undervalues Lexar. Question is will a white knight surface area?