Feeds

SanDisk digs in for Lexar bidding war - reports

Pain in the Micron

3 Big data security analytics techniques

SanDisk appears set to make Micron's acquisition of Lexar more difficult. A pair of reports circulating this week claim that SanDisk will make its own, uninvited bid for Lexar.

SanDisk has tapped Morgan Stanley for advice on the merits of a Lexar acquisition, according to the reports from The Deal and Reuters. Micron's offer for the memory device maker stands at $700m or close to $8.50 a share. A more lucrative offer from SanDisk could prove attractive to Lexar investors, although the Micron buy appears to make more sense from a competitive standpoint.

The Micron and Lexar marriage unites a memory maker with a memory seller, creating a pretty complete operation. A combined Lexar and SanDisk would hold more than 50 per cent of the market for flash cards, USB drives and related products. Such a union would be chock full of overlap and open few new avenues.

That begs the question as to whether or not a SanDisk bid for Lexar isn't just a competitive blow meant to disrupt Micron's pursuit of the company.

Some prominent Lexar shareholders have pushed for the company to seek better offers than Micron's $700m bid.

Close to a dozen companies – including Intel, Micron and SanDisk – are reported to have made previous offers for Lexar. At the moment, however, it seems that Micron and SanDisk are the most interested parties. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.