Micron (MU +3.3%) jumps in afternoon trading on a report from The Nikkei it will buy bankrupt...

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

Micron (MU +3.3%) jumps in afternoon trading on a report from The Nikkei it will buy bankrupt Elpida (ELPDF.PK) for ¥200B ($2.51B). The companies have been talking for months about a deal, which stands to improve industry-wide DRAM pricing by limiting capacity, while increasing Micron's economies of scale and strengthening its relatively weak position in the fast-growing mobile DRAM market. There are concerns, however, about the impact on Micron's balance sheet.