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Samsung has had a long standing interest in the company and tried to obtain it last year unsuccessfully. Their bid of $5.85 billion was rejected with SanDisk’s reasoning being that $26 per share was inadequate. Toshiba is a joint manufacturing company with SanDisk and also has expressed an interest in purchasing the popular flash memory card producer.
However, analysts have found that it is unlikely that Toshiba will have the ability to come up with the financial resources to complete the purchase. As of right now, no deals have been officially put on the table. Earlier this week, SanDisk experienced another stock jump when it was announced that they would be raising their retail prices an estimated 10 percent
Read: [Barron’s]
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