SMART Modular Technologies (SMOD)

[eastunder]

SMOD currently holds 2.12 cash per share:

134,426,000 cash per 10Q divided by 63.48m shares (finviz number) = 2.12 cash

Offer 9.25 - 2.12 = 7.13:

So AM I wrong to look at it as Silver is paying 9.25 to shareholders, which is what one would get, but they are retaining 134m in cash and therefore actually only paying 7.13 for each share?

This is so different than a hostile, isn't it? The board is behind this one.

The biggest problem I see is that even though the proposed purchase price presents a premium (Said Dr. Seuss ;) the value of the Company's current business and future prospects is not being considered, IMHO.