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In a report published Friday, CLSA analyst Mark Heller said that there has been a great deal of speculation around
SanDisk CorporationSNDK being an acquisition target.
"Despite recent execution issues, we continue to think that the company has excellent technology," Heller said. While nothing appears to be pending, the potential acquirers could include
Micron Technology, Inc.MU, SK Hynix,
Seagate Technology PLCSTX and
Western Digital CorpWDC.
"For an HDD acquirer, the accretion may not be inspiring but multiple expansion would likely occur as a result of an improved growth profile. Among Micron and Hynix, a Hynix deal appears more accretive, but it's unclear if Hynix is willing to do a large M&A deal and raise debt," Heller added.
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