Micron in Talks to Acquire Elpida
May 11, 2012
Micron Technology announced that the company is currently discussing with Elpida Memory's trustees to acquire Elpida's business, according to a May 11, 2012 report by Japan Today. The Tokyo District Court has allowed Elpida's trustees to negotiate an agreement with Micron, pursuant to which Micron is expected to become Elpida's sponsor and acquire Elpida's entire business in accordance with Japan's corporate reorganization proceedings.