Tokyo District Court approved the deal between Micron and Elpida
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POSTER: computer news || TOKYO DISTRICT COURT APPROVED THE DEAL BETWEEN MICRON AND ELPIDA |
DATE:2012-11-02 |
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Micron proposed conditions did not satisfy Elpida creditors. In particular, if Elpida's total debt is estimated at $ 3.85 billion, the Micron offers for the entire company is only $ 2.5 billion, with the bulk of the amount ($ 1.75 billion) will be paid in installments installments until 2019. Elpida lenders offered to lend $ 383 million to alternative investors willing to take the company out of the crisis. The Tokyo District Court recognized option with Micron only way of Elpida salvation and approved the relevant transaction. Elpida offers creditors were rejected by this tribunal. According to representatives of the Micron court very happy union of the two companies, they said, will allow Micron to become the second-largest producer of memory with a wide range of products. The deal has already been approved by U.S. authorities, it remains to be blessed with Elpida desperate creditors and the relevant authorities of other countries, whose interests are affected by this transaction. | ||
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TOKYO DISTRICT COURT APPROVED THE DEAL BETWEEN MICRON AND ELPIDA |
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The deal between Micron and Elpida finally approved by the District Court of Tokyo (2013-03-01)
Tokyo District Court approved the deal between Micron and Elpida (2012-11-02)
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