Wonder if this might not be a ploy to force bids from potential suitors- work up a low ball deal with the first suitor- and then hope it entices the others to jump in and bid it up- ?
With a $42 million penalty??? I think not. Welcome to the SNDK fold.
Buyout is all cash, not Sandisk stock.
I don't think your theory means jack
I think your right, like catching a tuna, maybe they are chumming the ocean?
That's exactly what has occurred. SNDK's effectively is the stalking horse bid.
And they are willing to pay $42M for a 'stalking horse'?