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Tokyo court rejects plan by some Elpida creditors to stop sale to Micron (access required)

by Scott Ki

Published: October 31,2012

A Japanese court has decided to send Elpida Memory’s bankruptcy reorganization plan to creditors for approval.  Elpida announced the decision on its website Oct. 31. Boise-based Micron Technology reached a $2.5 billion agreement with Elpida in July to buy the Japanese memory chip company’s equity with a cash payment of $750 million and $1.75 billion in ...
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