Samsung Proposes To Acquire SanDisk -

Samsung Proposes To Acquire SanDisk

Publish date:

Samsung Electronics announced that it has sent a letter to the Board of Directors of SanDisk reiterating its proposal to acquire SanDisk for $26 per share in cash. Samsung claims that the combination of the companies would deliver substantial immediate and long-term value to shareholders of both companies. In a letter to SanDisk's board of directors, Samsung vice chairman and CEO Yoon-Woo Lee writes, "a combined Samsung-SanDisk would have a superior global brand, an unparalleled technology platform and the scale and resources to drive convergence in the marketplace." The companies had been in communication for several months about a possible merger before Samsung made the offer to purchase.


Samsung Acquires Harman in $8B Deal promo image

Samsung Acquires Harman in $8B Deal

The deal will give Samsung a significant presence in the market for connected technologies, automotive electronics in particular, which is a strategic priority for Samsung and expected to grow to more than $100 billion by 2025.

Planar Acquired by Leyard promo image

Planar Acquired by Leyard

Portland, OR-based Planar will be acquired by a U.S. affiliate of the Chinese company Leyard (for a purchase price of $6.58 per share, or approximately $156.8 million).

Samsung Makes IAVI Direct Distributor

IAVI has reached an agreement with Samsung Electronics America and are now serving as a direct distributor of Samsung Electronics Pro AV products. IAVI will stock the full Samsung Electronics product line including plasma, LCD and LED displays, data projectors, including projector replacement lamps, and other AV acc

Cisco Acquires Tandberg

Cisco will have completed its acquisition of Norwegian video company Tandberg once the compulsory acquisition for the company's remaining shares is closed. Cisco is acquiring the firm for $3.3 billion -- after its initial offer of $3 billion was rejected by shareholders. The compulsory acquisition will be effective at