A Tokyo court has approved Micron's (MU) plan to acquire Elpida in a $2.5B deal and dismissed a...

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

A Tokyo court has approved Micron's (MU) plan to acquire Elpida in a $2.5B deal and dismissed a rival scheme from the bankrupt Japanese chipmaker's bondholders. Those holders now intend to vote against the plan when it goes to a vote of creditors, which needs to take place by Feb. 26, saying it delivers "Elpida to Micron at a grossly inadequate price."