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Elpida Says Tokyo Court Approves Acquisition By Micron Technology Inc-Reuters


Thursday, 1 Nov 2012 03:03am EDT 

Reuters reported that Micron Technology Inc plan to acquire Japanese memory chipmaker Elpida was approved by Tokyo court. The court said it has dismissed a rival proposal by a group of bondholders, led by hedge funds Linden Advisors, Owl Creek Asset Management and Taconic Capital Advisors, who have said the $2.5-billion price tag grossly undervalues Elpida, arguing that the Company is worth JPY300 billion ($3.78 billion). 

Company Quote

33.42
-0.46 -1.36%
25 Jul 2014