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On Friday, flash media maker Lexar Media (LEXR) received a larger revised takeover bid from Micron Technologies (MU). Click here  [http://www.prattmed.com/ fredericksburg dermatology information]  to compare the meaning behind it. The revised bid locations the all-stock exchange offer you at around $10 a share, up marginally from the initial bid. But significant shareholders which includes billionaire investor Carl Icahn along with hedge funds and portfolio managers have deemed the initial bid to be inappropriate. To get another viewpoint, people can take a view at:  [http://www.prattmed.com/our-services/imaging.aspx medical imaging fredericksburg online] . Elliott Associates believes the initial bid &quot;substantially undervalues Lexar,&quot; and feels Lexar is worth among $1.5 billion and $2.4 billion. The estimate is properly above the revised takeover bid of about $827 million. I should concur and say the revised takeover bid is way as well low and needs to be rejected by shareholders. Micron desires to pay about 1.10x sales for Lexar whilst the marketplace leader SanDisk (SNDK) is trading at four.35x sales. Lexar also has a $400 million patent infringement lawsuit against Toshiba that it had previously won but is now subject to an appeal by Toshiba. Think about it this way, a effective $400 million settlement in favor of Lexar would equate to about $4.83 per share in added money to add to the existing $.54 in totally free cash soon after debt that Lexar has. This means Micron would pay less than $5 a share for Lexars assets, which is low. There is also speculation that SanDisk is seriously considering about taking a run at acquiring Lexar. This would make sense considering that SanDisk would solidify its leadership position. Furthermore, SanDisk has a close functioning partnership with Toshiba, which could see SanDisk drop or lessen the settlement if it managed to acquire Lexar. Stay tune. A unique shareholder meeting to overview the takeover bid has been moved to June 16. In my view, the $10 bid undervalues Lexar. Query is will a white knight surface?. Dig up further on this affiliated article directory - Click here:  [http://www.prattmed.com/our-services/ob-gyn.aspx try fredericksburg ob gyn] .