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Micron Technology Inc And Elpida Announces Closing Of Sponsor Agreement Transactions


Wednesday, 31 Jul 2013 02:00am EDT 

Micron Technology, Inc. and Elpida Memory, Inc. trustees announced that the closing of Micron's acquisition of 100% of Elpida's equity, pursuant to a Sponsor Agreement entered into on July 2, 2012 in connection with Elpida's corporate reorganization proceedings conducted under the jurisdiction of the Tokyo District Court. In a related transaction, Micron also announced that the completion of its acquisition of a 24% share of Rexchip Electronics Corporation from Powerchip Technology Corporation and certain of its affiliates. The transactions will be recorded for accounting purposes as being effective on July 31, 2013. 

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