Samsung makes bid for SanDisk
From Times Wire Services
Samsung Electronics Co. made a $5.85-billion hostile bid for SanDisk Corp. of Milpitas, Calif., in what would be the South Korean company’s biggest acquisition.
Samsung offered $26 in cash for each SanDisk share, or 73% more than the memory-card maker’s latest closing price. SanDisk’s board rejected the offer.
