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SanDisk turns down Samsung's takeover bid

Posted: 18 Sep 2008  Print Version  Bookmark and Share Subscribe 

Keywords:SanDisk takeover  acquisition bid  flash memory 

[Summary of tips] SanDisk Corp. has rejected Samsung Electronics Co. Ltd's unsolicited takeover bid for $26 per share.A letter signed by Yoon-Woo Lee, Samsung CEO, addressed to SanDisk's board of directors states that Samsung was "deeply disappointed" by SanDisk's rejection of the offer on Sept. 15.The Samsung letter, made public Sept. 16, reite......
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