Message: samsung buying edig sounds wild, but it makes the most sense for samsung
8 Jun 1995 ... The amendment also adds an additional condition to Samsung's obligation to consummate its purchase of AST shares, including in the tender ...
Samsung Electronics announces extension of AST tender offer
>June 8, 1995
SAN JOSE, Calif.--(BUSINESS WIRE)--June 8, 1995--Samsung Electronics Co. Ltd. announced today that it has extended its cash tender offer to acquire up to 5,820,000 shares of common stock of AST Research Inc. (NASDAQ:ASTA) at $22.00 per share.
The extension is being made to accommodate the special meeting of AST's stockholders which has been scheduled to take place on June 30, 1995. The purpose of the meeting is to allow AST's stockholders to vote upon the proposed transaction with Samsung which, if consummated, will result in Samsung owning approximately 40.25% of the outstanding shares of common stock of AST. In accordance with Securities and Exchange Commission ("SEC") Regulations, the tender offer will remain open until 5 business days following the stockholder meeting, and accordingly the tender offer, proration period and withdrawal rights will now expire at 12:00 midnight, New York City time, on Monday July 10, 1995, unless further extended. Samsung's acquisition of the AST shares is subject to approval of the Korean government. All U.S. government approvals have been obtained. Samsung has been informed by the Depositary that approximately 25,858,472 shares of AST have been tendered as of June 7, 1995.
http://www.secinfo.com/dVut2.v3Ga.htm">SEC Info - Lexar Media Inc - 10-K - For 12/31/05
In addition, Samsung also has the right to purchase our flash memory controllers. ..... These obligations include compliance with Kodak guidelines and trademark ...... the Company purchases shares of its common stock pursuant to a tender or ......
Lexar Media and Samsung Electronics Sign Major Partnership Agreements
FREMONT, Calif., and Seoul, Korea – April 19, 2001 – Samsung Electronics Co., Ltd. (KS: 05930), a world leader in the electronics industry and the leading supplier of memory chips, and Lexar Media, Inc. (NSDQ: LEXR), a leading designer, developer and marketer of award-winning digital film and connectivity products for the digital photography market, announced today that they had signed a landmark licensing agreement.
Under terms of the agreement, Samsung will have a non-exclusive, worldwide, non-transferable, royalty-bearing license for Lexar Media’s patented controller technology. Lexar Media’s controller-based technology will enable Samsung to develop a wide variety of innovative flash-based products that will drive the growth of the flash memory market in the coming years. Samsung will also have the right to purchase Lexar Media’s flash memory controllers for resale and agreed to license its patents pertaining to flash controller technology to Lexar Media.
In addition to the licensing deal, the companies have signed a supply agreement, whereby Lexar Media will purchase a substantial portion of its flash memory needs from Samsung. Samsung, in turn, has guaranteed a certain allocation of flash memory and agreed to provide flash memory to Lexar Media on a consignment basis, insulating Lexar Media from potential fluctuations in pricing and availability.
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