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Micron Technology (MU) Receives $21/Share Bid from China's Tsinghua Unigroup - WSJ

July 13, 2015 10:12 PM EDT

Micron Technology (NASDAQ: MU) has received a $23 billion bid from China's Tsinghua Unigroup, according to the Wall Street Journal, which cited people familiar with the matter.

Tsinghua Unigroup offered $21 per share, or a 19.3% premium to Monday's closing price, the report said.

The news of the offer follows unusual activity in the stock on Friday.



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