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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.

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Comments

This forum is closed.

This forum is closed.

tlgreene1021

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 😳 🤣

eric_cartman

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...

crood

A hostile takeover refers to buying a controlling interest without the cooperation/approval of the current management.

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Samsung Attempts Hostile Takeover Of SanDisk

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