SamSung bids ready money of 5.8 billion dollar buys SanDisk to refuse

September 28, 2008

Time of Beijing of dispatch of sina science and technology on September 17 message, according to foreign media coverage, samSung is bought to SanDisk be in harmony be as long as April not after fruit, open with cash 5.8 billion dollar buys SanDisk.

It is reported, this be in harmony of SamSung is bought is this company 13 years come basically buy an attempt first, the business that indicating SamSung is the biggest — the pressure that memory chip business faces increases, its reason depends on coming of late this market builds a processing factory overmuch, bring about profit growth to put delay.

After buying SanDisk, samSung will have more shining to put chip user, include player of memory card, music and digital camera user. In addition, sanDisk still is had shine in great quantities put technical patent, and SamSung needs every year to spend on 100 million dollars to use these patent.

SamSung says in a letter, this company puts forward to buy SanDisk with the cash price of every 26 dollars, relatively of SanDisk on September 4 price of excessive of closing quotation price 96% . SamSung discloses, sanDisk wrote letter suggestion on September 15, be as long as in the course after the negotiation of 4 months, sanDisk ” continue to hold to distinctive to its market prise and the unrealistic expectation that buy the price appropriately ” .

SanDisk news spokesman says, this company plans to reject afore-mentioned offer of SamSung, its reason depends on SamSung ” underestimate ” SanDisk, hope to use SanDisk share price low confused machine is adopted ” speculation tries ” .

This be in harmony of SamSung is bought also indicating of NAND chip market newest change bureau, samSung is current the biggest NAND chip supplier, and SanDisk is the firm that uses NAND chip to produce memory to block the richest great reputation. Because output is excess, chip and memory check price glide, the NAND chip profit of SanDisk and other company is hit. Buy in SamSung be in harmony before divulging, the share price of SanDisk from last year in October already shrink 76% , and at that time this company share price is 52 weeks of highest values since.

SamSung disclosed on September 4, this company is exploring all sorts of collaboration plans with SanDisk, include to buy among them, but specific details had be notted knock calm. To this, sanDisk makes a statement say, this company ” having fixed talk with all possible means with what include SamSung inside with respect to a large number of potential business opportunities. This company ” having fixed talk with all possible means with what include SamSung inside with respect to a large number of potential business opportunities..

Industry thinks, after SamSung buys SanDisk, will enlarge the product that this company is introducing NAND chip the actual strength of retail market, and cause reduction in production likely. Although SanDisk itself does not have chip mill directly, but it is thrown to Toshiba gigantic endowment in order to help product line of chip of latter construction NAND, and the chip of SanDisk comes from the joint-stock company with Toshiba mostly. (Annals Wei)

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