Samsung Attempts Hostile Takeover Of SanDisk

Today Samsung made an unsolicited offer to buy Flash memory company SanDisk. It offered SanDisk $26 per share in cash - amounting to $5.8 billion - for the company. The offer comes after months worth of talks between the two companies about a merger/acquisition failed. Rising demand for Flash memory modules is creating pressures in the market. SanDisk and Samsung are two of the world's largest producers of memory products.