Micron Technology to License 1x and 1y DRAM Technologies to Nanya Technology Corporation
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Micron Technology (MU) to Report 1Q on 12/22; Mizuho Securities Remains Neutral
December 15, 2015 6:53 AM ESTMizuho Securities maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $15.00 (from $18.00), ahead of the company's 1Q earnings report. MU will report its Q1 results (Nov) on Dec 22 after the market close. While MU announced a key Inotera... More
Micron Technology (MU) to Acquire Remaining Inotera Memories Shares in $3.2B Deal
December 14, 2015 6:19 AM ESTMicron Technology, Inc. (Nasdaq: MU) and Inotera Memories announced the signing of an agreement for Micron to acquire Inoteras remaining shares for consideration worth 30 New Taiwan Dollars per share or approximately $0.92 USD per share. Micron currently owns approximately 33 percent of Inotera. This represents a transaction value of approximately $3.2 billion, net of cash and debt at Inotera, to acquire the remaining equity.
We believe this is a compelling combination for both companies shareholders and employees, said Micron CEO Mark Durcan. The acquisition is the culmination of a highly successful seven year partnership with Inotera.... More
