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Sandisk may bid for Lexar over Micron tech

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Sandisk may bid for Lexar over Micron tech

SanDisk has hired Morgan Stanley to help it consider a possible bid for rival memory card maker Lexar Media, which agreed last month to be bought by Micron Technology, a source familiar with the situation confirmed on Thursday.

Micron’s deal to buy Lexar currently values the company at $8.46 per share, or nearly $700 million.

Read the complete story here. (eWeek)

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