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DGAP-News: Micron Technology Confirms Discussions With Elpida Memory Trustees
ID: 635304
(firmenpresse) - Micron Technology, Inc.
10.05.2012 07:42
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BOISE, Idaho, 2012-05-10 07:42 CEST (GLOBE NEWSWIRE) --
Micron Technology, Inc. (Nasdaq:MU), today confirmed it is engaged in
discussions with Elpida Memory, Inc.'s trustees to acquire Elpida's business.
Micron made the announcement following a May 10 approval by the Tokyo District
Court allowing Elpida's trustees to negotiate an agreement with Micron,
pursuant to which Micron would become Elpida's sponsor and acquire Elpida's
entire business in accordance with the corporate reorganization proceedings.
Elpida, a semiconductor DRAM memory manufacturer, filed a petition for
commencement of Corporate Reorganization Proceedings with the Tokyo District
Court under the Corporate Reorganization Act of Japan on Feb. 27, 2012, which
proceedings have been commenced.
Elpida recently undertook a bidding process to select a company to 'sponsor'
Elpida during its Corporate Reorganization proceedings and to acquire the
company's business. In that process, Elpida has decided to move forward in
negotiations with Micron as the potential sponsor.
Micron Technology, Inc., is one of the world's leading providers of advanced
semiconductor solutions. Through its worldwide operations, Micron manufactures
and markets a full range of DRAM, NAND and NOR flash memory, as well as other
innovative memory technologies, packaging solutions and semiconductor systems
for use in leading-edge computing, consumer, networking, embedded and mobile
products. Micron's common stock is traded on the NASDAQ under the MU symbol. To
learn more about Micron Technology, Inc., visit www.micron.com.
The Micron Technology, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6950
Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All
other trademarks are the property of their respective owners.
CONTACT: Daniel Francisco
Micron Technology, Inc.
208-368-5584
dfrancisco(at)micron.com
News Source: NASDAQ OMX
10.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Micron Technology, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US5951121038
WKN:
End of Announcement DGAP News-Service
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Datum: 10.05.2012 - 07:42 Uhr
Sprache: Deutsch
News-ID 635304
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