DGAP-News: Micron Updates Anticipated Timing of Closing of Elpida Transactions
(firmenpresse) - Micron Technology, Inc.
29.07.2013 07:22
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BOISE, Idaho, 2013-07-29 07:21 CEST (GLOBE NEWSWIRE) --
Micron Technology, Inc. (Nasdaq:MU) ('Micron') announced today that it
anticipates the closing of Micron's acquisition of 100 percent of Elpida's
equity to occur on July 31, 2013, Tokyo time.
The closing of the acquisition will be pursuant to a Sponsor Agreement entered
into on July 2, 2012, in connection with Elpida's corporate reorganization
proceedings conducted under the jurisdiction of the Tokyo District Court. The
closing of the transaction is subject to satisfaction or waiver of a number of
conditions, including final approval by the Tokyo District Court.
Micron also anticipates concurrently closing its acquisition of a 24 percent
share of Rexchip Electronics Corporation from Powerchip Technology Corporation
and certain of its affiliates.
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.
Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All
other trademarks are the property of their respective owners.
This press release contains forward-looking statements regarding future events
that involve risks and uncertainties. For example, statements related to our
expectations regarding the closing of the transaction are forward-looking
statements. Various factors could cause actual events or results to differ
materially from those anticipated by the forward-looking statements. These
factors include the possibility that the certain conditions to closing are not
met. Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements.
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
News Source: NASDAQ OMX
29.07.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group 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: 29.07.2013 - 07:22 Uhr
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News-ID 282349
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