Samsung Attempts Hostile Takeover Of SanDisk
Article Comments 7
Sep 16, 2008, 6:35 PM by Eric M. Zeman
updated Sep 16, 2008, 6:39 PM
Today Samsung made an unsolicited offer to buy Flash memory company SanDisk. It offered SanDisk $26 per share in cash - amounting to $5.8 billion - for the company. The offer comes after months worth of talks between the two companies about a merger/acquisition failed. Rising demand for Flash memory modules is creating pressures in the market. SanDisk and Samsung are two of the world's largest producers of memory products.
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Offering 5.8 Billion doesn't sound very "Hostile"