A group of Elpida Memory's bondholders oppose Micron's (MU +2%) bid to buy the bankrupt Japanese...

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

A group of Elpida Memory's bondholders oppose Micron's (MU +2%) bid to buy the bankrupt Japanese firm as too low, Reuters reports. The creditors have therefore contacted South Korea's Hynix (HXSCF.PK) - which dropped out of the auction - and U.S.-based GlobalFoundries about selling the company to them.