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05 November, 2008
Samsung wants to purchase SanDisk and plan to fizzle out in an all-round way by 5,900 million
Samsung wants to purchase SanDisk and plan to fizzle out in an all-round way by 5,900 million
According to medias of foreign countries, Samsung claims to give up purchasing SanDisk on Wednesday, recalls the quotation of 5,900 million dollars. On September 16, Samsung once proposed the condition of 5,900 million dollars wanted to purchase SanDisk Company with 26 dollars per share, altogehter, but refused, the reason is the sterling worth of underestimating SanDisk of this quotation.
Samsung's high level says, it is a main factor that determines to give up the purchasing plan that SanDisk has a disconcerting prospect. In October 20, SanDisk Company release third quarter wealth newspaper, net deficiency is 155 million dollars, and realized net profit of 85 million dollars at the same period last year. So surprising operation loses and lets Samsung have to give up the original plan too.
Li, CEO of Samsung, moisten rain write SanDisk administration and supervision authorities to say: "Amazing in your company 155 million dollars run, lose, with the hasty
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Water Injection Pumpsnegotiation that launch of Toshiba, and brain drain in range of the whole company, make the risk of your company strengthen sharply, company's valuation is reduced by a wide margin. Just because of this, we no longer hope to purchase SanDisk with 26 dollars per share " .
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