The deal with Micron Elpida remains the chance of survival

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POSTER: computer news   ||   THE DEAL WITH MICRON ELPIDA REMAINS THE CHANCE OF SURVIVAL	DATE:2012-08-22
A group of debt holders and Elpida is trying to offer an alternative plan to save the company, the Japanese manufacturer of memory sent to the Tokyo District Court restructuring plan proposed by Micron.  Recall, it implies a one-time payment of $ 750 million and payments until 2019 for a total of $ 1.75 billion Group of creditors Elpida, which keeps the commitments of approximately $ 1.2 billion, is trying to challenge the deal, as they believes elpida is worth at least $ 3.78 billion Creditors can not find a strategic investor who would be able to deal with Micron or become their partner, but also offer a loan of $ 378 million to the needs restructuring. Tokyo District Court now consider both plans, and either choose one of them, or offer to creditors to vote for both at once.  However, experts say, the lenders are not interested in Elpida bankruptcy and liquidation .   Related Products :

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