Elpida lenders willing to offer their plan to save the company
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POSTER: computer news || ELPIDA LENDERS WILLING TO OFFER THEIR PLAN TO SAVE THE COMPANY |
DATE:2012-08-15 |
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Elpida Japanese memory manufacturer has amassed debts of around $ 5 billion, and from Micron company it will receive $ 2.5 billion, from the cash this year will be paid only $ 750 million and the balance will be paid in installments until 2019. Even the purchase of Rexchip shares are made in more favorable terms than the acquisition of Elpida company . Associate reported New details about the alternative plan of Elpida salvation, which creditors of the company are going to provide the competent Japanese authorities in October. The corresponding statement is filed with Tokyo District Court. The group of institutional investors has increased the credit line Elpida to $ 383 million, and to find another sponsor willing to purchase the assets or the entire company, but at a fair price. Terms of the deal with Micron, as claimed by creditors group , does not reflect the value of intellectual property owned by Elpida. In their view, the company is worth at least $ 3.85 billion . | ||
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ELPIDA LENDERS WILLING TO OFFER THEIR PLAN TO SAVE THE COMPANY |
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Elpida lenders willing to offer their plan to save the company (2012-08-15)
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