samsung-launches-hostile-takeover-of-sandisk

Samsung launches hostile takeover of SanDisk

The American flash memory supplier rejects "inadequate" proposal made by the Korean conglomerate.
Samsung Electronics has launched a hostile takeover of SanDisk Corporation, an American-based flash memory supplier, offering to pay $26 for each outstanding share in the company, which is 80% above the closing share price on September 15. The potential $5.85 billion deal shows that although the financial crisis in Europe and the US is reaching new depths, it is still business as usual on the Asia MA front, as Samsung heads towards its largest ever acquisition.

That is if the deal goes ahead. SanDisk's board has unanimously rejected Samsung's inadequate proposal, saying that it undervalues the company long-term worth it is an opportunistic attempt to take advantage of SanDisk's current stock...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222