Home  ›  News  ›

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.

Wall Street Journal »



This forum is closed.

This forum is closed.


Sep 16, 2008, 8:54 PM

Offering 5.8 Billion doesn't sound very "Hostile"

Now if Samsung armed a factory full of workers with AK-47's and marched them into the SanDisk headquarters and demanded they sign over the company, THAT would be Hostile 😳 🤣
5.8 billion might look nice, but think about the integration, company philosophy, net gain or loss of jobs (including management/executives), closing of plants maybe...
A hostile takeover refers to buying a controlling interest without the cooperation/approval of the current management.
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.