Sandisk rejects Samsung Takeover Offer

Topic: Technology News

Posted on Wed, 17 Sep 2008 01:10:20 CDT | by Luigi Lugmayr

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Samsung made a public offer yesterday to buy SanDisk for $5.8 billion in cash after negotiations failed.
Sandisk rejected the offer and describes it as undervalued and opportunistic.
This deal would mark the largest acquisition by Samsung and also the largest purchase of a South Korean company in the United States.
The Sandisk acquisition would give Samsung a break on the Flash memory technology royalties it has to pay to Sandisk each year. Apparently those fees are into the several hundred million dollar range.
More details on the WSJ.