The Companies That Just Said No

For your Friday amusement, here’s a list of companies that had significant premium takeover bids on the table, but rejected them as too low. Yahoo (YHOO): Microsoft (MSFT) bid $31, and might have gone higher. The board said no. Yahoo’s current stock price: $12. SanDisk (SNDK): Samsung bid $26, and might have gone higher. The board said no. SanDisk’s current stock price: $8.14. Take-Two (TTWO): Electronic Arts (ERTS) bid $25.74, and almost certainly would have gone higher. The board said no. Current TTWO stock price: $11.55. International Rectifier (IRF): Vishay (VSH) bid $23, and in a friendly deal might have gone higher. But the board said no. Current IRF price: $13.30 Cablevision (CVC): This one is flipped on its head. Management last year offered to take the company private at $36.26 a share; holders rejected the offer as too low. Current CVC price: $14.69. (link)