Toshiba & Samsung Rumored To Be Launching Takeover Bid For SanDisk

Posted Mar 14, 2009

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.