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  • May 21, 2012, 8:13 AM
    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.
    | May 21, 2012, 8:13 AM | 2 Comments
  • May 8, 2012, 12:00 PM

    Should Micron (MU -3.9%) succeed in acquiring Elpida, as is rumored, the DRAM industry will have largely consolidated around 3 vendors: Samsung (SSNLF.PK - 44% share), Micron (23% share), and Hynix (HXSCF.PK - also 23%). Sterne Agee thinks the Street is worried about the deal's price and Micron's financing needs. However, the firm values Elpida's assets at $7B+, far above Micron's reported $2.5B+ offer.

    | May 8, 2012, 12:00 PM | 1 Comment
  • Apr. 7, 2012, 3:26 PM

    The scrum for bankrupt Japanese chipmaker Elpida Memory (ELPDF.PK) is heating up with private-equity firms TPG Capital and Hony Capital looking at a joint bid for the No. 2 memory-chip manufacturer. The firms are expected to join SK Hynix (HXSCF.PK) in a second round of bidding, scheduled to close April 27. (previously)

    | Apr. 7, 2012, 3:26 PM
  • Mar. 30, 2012, 8:58 AM

    South Korean chipmaker Hynix (HXSCF.PK), which previously denied it was interested in buying Elpida, now says it has submitted preliminary interest in bidding for the Japanese chipmaker, which filed for bankruptcy last month.

    | Mar. 30, 2012, 8:58 AM
  • Dec. 22, 2011, 5:10 AM

    Chipmaker Elpida Memory (ELPDF.PK) will start tie-up talks next month with rival Nanya Technology, reports the Nikkei business daily, in hopes of presenting as a stronger competitor to Samsung (SSNLF.PK) and Hynix Semiconductor in the DRAM market.

    | Dec. 22, 2011, 5:10 AM