Source : CDR InfoAs expected, Sandisk reacted forcefully against the hostile tender offer by Samsung. The suggested price is much too low and does not reflect the actual value of the company, but Samsung does not seem worried and reiterated its offer without any changes.
But its competitors fear this acquisition and will try to complicate it. Thus, Toshiba announced that it does not wish to repurchase Sandisk, but to move closer in order to create a strategic partnership. The goal of this advertisement is to reassure the markets on the future of an independent Sandisk and to increase the price of the company stock making it larger to swallow for Samsung.
Seagate has not reacted yet to this offer. It would be surprising if they also do not try to attack, Sandisk remaining their best entry ticket to the world of the SSD.
[translation by crispin]
