DGAP-News: Micron and Elpida Announce Expiration of Hart-Scott Rodino Waiting Period
(firmenpresse) - Micron Technology, Inc.
12.09.2012 02:00
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BOISE, Idaho, and TOKYO, 2012-09-12 02:00 CEST (GLOBE NEWSWIRE) --
Micron Technology, Inc. (Nasdaq:MU) ('Micron') and Elpida Memory, Inc.
('Elpida') today announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended ('HSR Act'), has expired in
connection with Micron's previously announced acquisition of Elpida. Expiration
of the waiting period under the HSR Act satisfies one of the conditions
necessary for consummation of the transaction.
The closing of the transaction remains subject to other conditions--including
approval by Elpida creditors, the Tokyo District Court and regulatory approvals
in other countries--and is expected to be completed in the first half of
calendar 2013. Elpida's reorganization plan was submitted to the Tokyo District
Court in mid-August, 2012.
About Elpida
Elpida Memory, Inc. is a leading manufacturer of Dynamic Random Access Memory
(DRAM) integrated circuits. The company's design, manufacturing and sales
operations are backed by world class technological expertise. Its 300mm
manufacturing facilities, consisting of its Hiroshima Plant and a Taiwan-based
joint venture, Rexchip Electronics, utilize the most advanced manufacturing
technologies available. Elpida's portfolio features such characteristics as
high-density, high-speed, low power and small packaging profiles. The company
provides DRAM solutions across a wide range of applications, including personal
computers, servers, mobile devices and digital consumer electronics. More
information can be found at http://www.elpida.com.
About Micron
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: Kipp Bedard
Micron Investor Relations
kbedard(at)micron.com
(208) 368-4465
Daniel Francisco
Micron Media Relations
dfrancisco(at)micron.com
(208) 368-5584
Yukio Sakamoto, Elpida Trustee
Nobuaki Kobayashi, Elpida Trustee, Attorney-at-Law
Takao Adachi, Director and Executive Officer,
Elpida Public Relations
+81-3-3281-1500
News Source: NASDAQ OMX
12.09.2012 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: 12.09.2012 - 02:00 Uhr
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News-ID 182472
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