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SanDisk Corp. Message Board

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  • only_observing only_observing Nov 17, 2008 1:35 PM Flag

    $16 offer?

    Eli will want a $20 handle on the price otherwise he looks like the chump that he has proven to be.

    Shareholders will be happy with $18 if it came to a vote.

    To avoid a nasty battle with Eli, Samsung will have to offer around $20, IMO. They will want key individuals to stay for a while so a nasty takeover is not a realistic procedure.

    Samsung has to offer $20 and generous severance (golden parachutes) to management to make this deal work. And they better offer it soon before the market bounces up. If the Nasdaq goes up 10%, Samsung will have to offer 10% more.

    Lower Nasdaq prices makes the takeover of Sandisk more likely, albeit at lower prices.

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