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On Friday, flash press manufacturer Lexar Media (LEXR) received a greater revised takeover bid from Micron Technology (MU). The modified bid places the all-stock exchange offer at around $10 a share, up marginally from the initial bid. Identify further about  [http://www.digitaljournal.com/pr/1137239 jt foxx]  by visiting our disturbing wiki. But main shareholders including billionaire investor Carl Icahn along side hedge funds and portfolio managers have deemed the first bid to be inappropriate. Elliott Associates thinks the initial bet &quot;significantly undervalues Lexar,&quot; and feels Lexar is worth between $1.5 billion and $2.4 billion. The estimate is well above the modified takeover bid of about $827 million. I should say and recognize the modified takeover bid is far too low and needs to be denied by shareholders. Micron desires to pay around 1.10x sales for Lexar as the industry leader SanDisk (SNDK) is trading at 4.35x sales. Lexar also offers a million patent infringement suit against Toshiba that it had previously won but is currently at the mercy of an appeal by Toshiba. Think about it this way, a fruitful $400 million settlement in support of Lexar would mean around $4.83 per share in additional cash to enhance the existing $0.54 in free cash after debt that Lexar has. What this means is Micron would pay less than $5 a share for Lexars resources, which is low. There's also speculation that SanDisk is really thinking about taking a run at getting Lexar. This would seem sensible since SanDisk would solidify its leadership position. Moreover, SanDisk has when it were able to acquire Lexar a close working relationship with Toshiba, that could see SanDisk decrease or reduce steadily the settlement. Stay tune. A special shareholder meeting to review the takeover bid has been moved to June 16. If you have an opinion about illness, you will seemingly desire to research about  [http://www.prweb.com/releases/2013/3/prweb10544152.htm link] . In my view, the $10 quote undervalues Lexar. Problem is can a white soldier surface?.