Toshiba & Samsung Rumored To Be Launching Takeover Bid For SanDisk
Samsung Electronics and Toshiba are rumored to be making a bid to buy out memory drive company SanDisk. The rumors originated from EETimes. Both are making simultaneous bids. Last year Samsung made a hostile takeover bid for SanDisk, but ended discussion without making an agreement.
Toshiba is currently a partner in manufacturing flash storage with SanDisk already. Toshiba is also a current shareholder in SanDisk.
Jim Handy, an analyst with Objective Analysis believes SanDisk won’t be acquired because the company is reportedly seeking $60 per share for a buy-out. Samsung is said to be only offering $25 per share.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry