Samsung Withdraws SanDisk Bid

By P.G.R. on Wednesday, October 22, 2008 with 0 comments

HONG KONG — The global credit turmoil and the grim outlook for economic growth claimed another victim in mergers and acquisitions on Wednesday as Samsung Electronics withdrew its $5.9 billion takeover bid for the flash memory card maker SanDisk, citing poor earnings potential at the American company and the current financial crisis. ...

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