Micron Technology (MU) to Acquire Remaining Inotera Memories Shares in $3.2B Deal
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Micron Technology to License 1x and 1y DRAM Technologies to Nanya Technology Corporation
December 14, 2015 2:00 AM ESTBOISE, Idaho, Dec. 14, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ: MU) today announced it has entered into a memorandum of understanding to grant Nanya Technology an option to license Micron 1x and 1y DRAM technologies. This new license agreement is in addition to Microns existing license agreement for 20 nanometer (nm) technology with Nanya.
Micron and Nanya have enjoyed a strong relationship over the years, and this agreement extends our strategic relationship while also providing further value to both companies and their shareholders, said Micron CEO Mark Durcan.
Under the license... More
Micron Technology Agrees to Acquire Remaining Interest in Inotera Memories of Taiwan
December 14, 2015 2:00 AM ESTBOISE, Idaho, Dec. 14, 2015 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (NASDAQ: MU) and Inotera Memories today 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... More
