{"id":4134,"date":"2006-03-16T00:00:00","date_gmt":"2006-03-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"icahn-lassoes-lexar-media-deal","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2006\/icahn-lassoes-lexar-media-deal.html","title":{"rendered":"Icahn Lassoes Lexar Media Deal"},"content":{"rendered":"<p>Street.Com &#8211; <span class=\"default\">Carl Icahn apparently thinks <strong>Lexar Media<\/strong> (<a href=\"http:\/\/tools.thestreet.com\/tsc\/quotes.html?pg=qcn&amp;symb=LEXR\">LEXR<\/a>:Nasdaq &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/find\/results.html?tkr=LEXR\">news<\/a> &#8211; <a href=\"http:\/\/thestreet.investor.reuters.com\/reports.aspx?ticker=LEXR\" target=\"_blank\">research<\/a> &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/cramertake?tkr=LEXR&amp;site=tsc\">Cramer&#8217;s Take<\/a>) can do better than <strong>Micron<\/strong> (<a href=\"http:\/\/tools.thestreet.com\/tsc\/quotes.html?pg=qcn&amp;symb=MU\">MU<\/a>:NYSE &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/find\/results.html?tkr=MU\">news<\/a> &#8211; <a href=\"http:\/\/thestreet.investor.reuters.com\/reports.aspx?ticker=MU\" target=\"_blank\">research<\/a> &#8211; <a href=\"http:\/\/find.thestreet.com\/cgi-bin\/texis\/cramertake?tkr=MU&amp;site=tsc\">Cramer&#8217;sTake<\/a>).<\/span><\/p>\n<p>  <span class=\"default\">According to a recent news report, the activist shareholder has begun a campaign to scuttle the <a href=\"http:\/\/www.thestreet.com\/tech\/semis\/10272447.html\">$688 million  acquisition<\/a> announced last week, in the belief that other companies will be willing to pay more for Lexar.<\/span><\/p>\n<p>  <span class=\"default\">A coalition of Icahn-controlled hedge funds, which reportedly own more than 50% of Lexar shares, are in talks with Lexar&#8217;s management about the deal and are considering  launching a public battle to trigger a bidding war, according to a story in the <em>New York Post<\/em>.<\/span><\/p>\n<p>  <span class=\"default\">The shareholders are contending that Lexar&#8217;s management didn&#8217;t fully consider competing offers with other companies, and hastily inked the deal with Micron according to  sources involved in the breakup effort, the <em>Post<\/em> reported.<\/span><\/p>\n<p><a href=\"http:\/\/www.thestreet.com\/_tscana\/tech\/semis\/10273828.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Street.Com &#8211; Carl Icahn apparently thinks Lexar Media (LEXR:Nasdaq &#8211; news &#8211; research &#8211; Cramer&#8217;s Take) can do better than Micron (MU:NYSE &#8211; news &#8211; research &#8211; Cramer&#8217;sTake). According to a recent news report, the activist shareholder has begun a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4134","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4134"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4134\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}