SanDisk Rejects Samsung Offer

Looks like Flashzilla ain’t happening after all – SanDisk has rejected an unsolicited proposal from Samsung Electronics, where their offer stands at $26 per share in cash. SanDisk is standing firm in its position as it pointed out that Samsung would save in billions of dollars in the coming decade where royalties are concerned if Samsung offers a significantly higher price for the acquisition. Do you think $26 per share is a fair price, and if SanDisk is left alone, the cyclical nature of market conditions will see the stock soar beyond that figure?