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Micron to buy out JV with Intel for $1.5B cash

Oct. 18, 2018 4:51 PM ETMicron Technology, Inc. (MU) StockBy: Stephen Alpher, SA News Editor392 Comments
  • "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

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