Breaking News

TerraMaster F4-425 Plus and F2-425 Plus Debut TEAMGROUP Unveils the T-FORCE Z54E PCIe 5.0 SSD Samsung Unveils 115” 4K Smart Signage Display Viltrox Launches AF 50mm F1.4 Pro FE LIAN LI Introduces the RB Series PSU with Advanced Cable Management

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Elpida Bondholders Oppose Micron Takeover

Elpida Bondholders Oppose Micron Takeover

Enterprise & IT Jul 10,2012 0

Bondholders of Elpida Memory asked a Japanese court to reject Micron Technology's planned 200 billion yen takeover of the bankrupt memory-chip maker, arguing that it undervalues the company's assets, a court filing shows. The group of bondholders plans to propose an alternative to Micron's deal announced this month, according to a copy of a filing in Tokyo District Court, a translation of which was submitted July 9 in U.S. Bankruptcy Court in Wilmington, Delaware. Elpida filed for bankruptcy protection in February.

Micron agreed to buy Elpida in a deal that would double the U.S. company's share of the global market for dynamic random access memory. The deal would help Micron compete with Samsung Electronics.

Elpida and Micron have not commented on the report.

Last week, Micron agreed to acquire Elpida's equity for 60 billion yen ($753.7 million) and pay creditors a total of 140 billion yen in annual installments until 2019. Micron will also buy a 24 percent stake in Taiwan-based Rexchip Electronics from Powerchip Technology for $334 million.

Tags: Micron TechnologySK Hynix
Previous Post
Google Said to Pay $22.5 Million To Settle Privacy Charges With FTC
Next Post
AMD Expects Second Quarter Revenue To Decline

Related Posts

  • Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds

  • SK hynix develops ‘PS1012 U.2’, High Capacity SSD for AI Data Centers

  • SK hynix Begins Volume Production of the World’s First 12-Layer HBM3E

  • Micron Expands SSD Portfolio With New Crucial P310 2280 Gen4 SSD, Bringing High-Octane Performance To Gamers and Creators

  • SK hynix Develops PEB110 E1.S for Data Centers

  • SK hynix Develops Industry’s First 1c DDR5

  • SK hynix Presents Extensive AI Memory Lineup at Expanded FMS 2024

  • SK hynix Enhances Leadership in Graphics Memory With Introduction of Industry’s Best GDDR7

Latest News

TerraMaster F4-425 Plus and F2-425 Plus Debut
Enterprise & IT

TerraMaster F4-425 Plus and F2-425 Plus Debut

TEAMGROUP Unveils the T-FORCE Z54E PCIe 5.0 SSD
PC components

TEAMGROUP Unveils the T-FORCE Z54E PCIe 5.0 SSD

Samsung Unveils 115” 4K Smart Signage Display
Enterprise & IT

Samsung Unveils 115” 4K Smart Signage Display

Viltrox Launches AF 50mm F1.4 Pro FE
Cameras

Viltrox Launches AF 50mm F1.4 Pro FE

LIAN LI Introduces the RB Series PSU with Advanced Cable Management
PC components

LIAN LI Introduces the RB Series PSU with Advanced Cable Management

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed