Elpida lenders try to challenge the deal with Micron in court
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POSTER: computer news || ELPIDA LENDERS TRY TO CHALLENGE THE DEAL WITH MICRON IN COURT |
DATE:2013-04-01 |
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Antimonopolist authorities have approved the acquisition of the bankrupt of Japanese memory manufacturer for about $ 2.5 billion. The payment is not able to cover the losses of Elpida creditors, they initially protested against such an option to save the company. One way or another, at the end of February the deal was approved by creditors. Micron company on Friday said that Elpida creditors has found a disgruntled conditions proposed by American manufacturer . Group of creditors filed an appeal with the Tokyo District Court, and now will have to consider their complaint within three to four months. Respectively, the last stages of the deal between Micron and Elpida postponed for the period. Micron representatives expressed confidence that the court will leave earlier decision to approve the transaction in effect. However, the implementation of Micron plan may take longer than expected. | ||
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ELPIDA LENDERS TRY TO CHALLENGE THE DEAL WITH MICRON IN COURT |
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