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


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)

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  • growth.investor@yahoo.com
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    and recognition of Elpida's reorganization plan by the United States Bankruptcy Court for the
    District of Delaware (or the completion or implementation of alternative actions providing a
    substantially similar effect).
    28 Feb 2013, 02:31 PM Reply Like
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