Submitted by David Kuan08.19.2008
Shares of computer memory card maker SanDisk Corp. dropped sharply Monday as analysts discounted rumors of a takeover by hard-drive maker Seagate Technology.
SanDisk shares rallied Thursday and held steady Friday following reports of a takeover bid. In trading Monday, the stock fell $1.80, or 10.2 percent, to $15.84, below Wednesday's closing price of $16.27. The stock has ranged from $13.06 to $58.35 over the past year.
The prediction is that there will be a confirmed acquisition bid announced for SanDisk by end of 2008. Acquisition bid need not be accepted formally nor the acquisition be completed for a favorable judgement.
Reference article:
http://www.eetasia.com/ART_8800539903_499486_NT_71b061a7.HTM
Suggested Odds50.00%
Prediction Close Date:12.22.2008 (EST)
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I believe this occurred yesterday, actually.
Yes. By Samsung. I posted a new suggestion on this.
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