Re: Samsung goes public with SanDisk acquisition bid
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posted on
Sep 17, 2008 06:45AM
"We believe Samsung's proposal does not provide appropriate value to our stockholders and is opportunistically timed at the trough of an industry-wide downturn," said Eli Harari, SanDisk's chairman and CEO. The bid fails to recognize the value of SanDisk's patent portfolio, investments in strategic partnerships and technology leadership, he added."