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Toshiba, Samsung mull SanDisk takeover?

Posted: 17 Mar 2009 ?? ?Print Version ?Bookmark and Share

Keywords:SanDisk takeover? acquisition memory? Samsung bid?

Rumors have it that SanDisk Corp. is a takeover targetagain.

Last year, Korea's Samsung Electronics Co. Ltd launched a hostile takeover bid for SanDisk. According to sources, Samsung and Toshiba Corp. are now looking at making a bid for SanDisk.

Samsung and SanDisk declined to comment. Toshiba did not reply to an e-mail.

Jim Handy, an analyst with Objective Analysis, said he is "skeptical" that SanDisk will get acquired in the near term.

Money talks, however. Samsung is willing to buy SanDisk at $25 per share, Handy said. SanDisk wants $60 a share, he added.

- Mark LaPedus
EE Times

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