- "Micron’s (NASDAQ:MU) acquisition of IM Flash demonstrates our strong belief that 3D XPoint technology and other emerging memories will provide a unique differentiator for the company," says CEO Sanjay Mehrotra.
- Micron can exercise its call option beginning on January 1, with closing six-twelve months after the exercise.
- No meaningful impacts are expected to overall financial results or the fiscal 2019 capex and long-term capex targets.
- A conference call to discuss is set for 5 ET.
- Source: Press Release