Samsung ready to pay a premium of 80% by SanDisk closing share price on September 15, 2008

December 31st, 1969 | Category: Tech Talk


Samsung today announced that it has sent a letter to the Board of Directors of SanDisk reiterating its proposal to acquire SanDisk for $26 per share in cash. Samsung offer price is a premium of 80% by SanDisk closing share price on September 15, 2008, and a 66% and 164% premium to Scandisk’s 30-day weighted average price and enterprise value as of September

4, 2008, respectively.

Samsung’s offer is full and fair and Samsung believe that, given an opportunity, SanDisk shareholders would agree. It constitutes a very substantial premium to SanDisk’s share price and would deliver to shareholders an instant cash premium of 93% by SanDisk’s closing share price on September 4, 2008, the day before news reports indicated that we were in discussions […]

Orginal post by dhiram

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists
Related Articles
  • Samsung Withdraws Bid To Acquire SanDisk
  • Samsung withdraws its offer to acquire SanDisk
  • Samsung Bid for SanDisk Shows Memory-Market Woes
  • Will Samsung Lift Bid for SanDisk to Reflect Royalties?
  • Samsung May Buy SanDisk, Consolidate Flash Market
  • SanDisk Spurns Samsung Takeover Bid
  • SanDisk and Samsung Renew Patent Cross License and Flash Supply Agreements
  • Toshiba To Purchase SanDisk Equipment
  • SanDisk card perfect for shiny, new Nikon D90
  • Samsung Armani premium LCD television launched

    • No comments yet. Be the first.

    Leave a reply