Samsung Attempts Hostile Takeover Of SanDisk
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.
Comments
Offering 5.8 Billion doesn't sound very "Hostile"