Micron does not believe deal with Tsinghua is possible - sources
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Micron Technology (MU) on Watch Amid Deal Headlines
July 22, 2015 10:37 AM EDTMicron Technology (NASDAQ: MU) on watch on headlines from overseas a takeover of the company is 'progressing.' Shares are down 4.9% currently.... More
Micron (MU), Tsinghua Could Work Together in Other Ways Besides Merger - Deutsche Bank
July 20, 2015 3:39 PM EDTDeutsche Bank maintained a Buy rating on Micron Technology (NASDAQ: MU) with a price target of $28. Earlier shares declined after Reuters reported that Micron told Tsinghua a deal isn't possible due to regulator concerns. In the view of analyst Sidney Ho, while a potential deal may get blocked, shares remains undervalued and the two sides could work together in other ways.
"MUs shares were down ~5% as Reuters reported that Micron believes a potential... More
Micron Technology (MU) Risk-Reward Looks Favorable
July 20, 2015 1:23 PM EDTDown 45% year-to-date, Micron Technology (NASDAQ: MU) has gone from being one of the most loved stocks on Wall Street to one of the most hated in a relatively short period of time. The beaten up stock received a jolt last week after it was reported that the company received a $23 billion, or $21/share, bid from China's Tsinghua Unigroup. However, even those gains are drifting away. Skeptics suggest that even if the reports are accurate the chances of such a deal clearing U.S. regulatory muster are low. Not to mention the price being... More
