SNDK - Sandisk: Samsung wants to buy Sandisk - 9/05/08

Samsung came out last night and stated that they mulling a way to buyout Sandisk ( SNDK ). I wonder how the shorts feel about this today as SNDK is up nearly 32% in pre market. This is what happens when stocks are dirt cheap!

South Korea's Samsung Electronics Co. (005930.SE) Friday said it is looking at various ways of tying up with SanDisk Corp. (SNDK), including a possible acquisition of the world's largest flash memory card maker by revenue.

Analysts said an acquisition, if it pushes through, could help Samsung cut the amount of royalties it pays to SanDisk, and could further tighten its control of the global flash memory market.
"We're looking at various tie-up plans with SanDisk, including an acquisition, but nothing has been decided for now," Samsung, the world's largest maker of memory chips by revenue and units, said in a regulatory filing.

Sandisk ( SNDK ) has come out this morning and say that they recieve a lot of offers but will not comment on rumors.