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Toshiba and Intel are Likely Bidders For Sandisk - Stock to Sell for North of $35

Toshiba and Intel are Likely Bidders For Sandisk - Stock to Sell for North of $35

Author: Ari Socolow on September 17, 2008

I made the call on the Samsung bid for Sandisk. Now I am telling you what comes next.

I correctly drew attention to the possibility of a Samsung bid for Sandisk early this month here.

Even I was surprised how high the bid came in. $5.75 billion or $26 a share was not surprising.

I suggested that I would be surprised if Harari would give the company away for a song, and it is clear that he still views $26 too low and that is why the offer is hostile.

This isn't a Yahoo!-like situation. It is a very valuable company which controls influential and vital NAND technology.

I expect to see Intel and Toshiba in here, and I expect to see Sandisk sell the company well over $35.

Just my take.

Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to bank transparency and the climate crisis. Since co-founding BestCashCow in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.