Japan's Elpida to raise $844 mln in share offering

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TOKYO, Sept 1 | Tue Sep 1, 2009 3:41am EDT

TOKYO, Sept 1 (Reuters) - Japanese chipmaker Elpida Memory Inc 6665.T said on Tuesday it would raise up to 78.5 billion yen ($843.6 million) by issuing 55 million new common shares to invest in new equipment and help pay back its debt.

($1=93.05 Yen)

(Reporting by Mayumi Negishi)

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