A Tokyo District Court approves Micron's (MU +1.1%) purchase of Elpida after creditors vote to...

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

A Tokyo District Court approves Micron's (MU +1.1%) purchase of Elpida after creditors vote to approve the deal. Save for the finalization of the court's approval order, all that's left is for a Delaware bankruptcy court to sign off on the deal, which Micron and Elpida still hope will close in 1H. The news comes shortly after Micron reached a deal to sell an Avezzano, Italy plant to private LFoundry, and to simultaneously contract LFoundry to manufacture image sensors for Micron. (Chinese approval)