Micron (MU) -1.5% AH after announcing an $870M convertible note offering. The chipmaker, which...

|About: Micron Technology Inc. (MU)|By:, SA News Editor

Micron (MU) -1.5% AH after announcing an $870M convertible note offering. The chipmaker, which had $2.3B in debt on its balance sheet as of March 1, only says it will use the proceeds for capped call transactions and "general corporate purposes." Might one of those purposes be a bid for Elpida?