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Home / IBR Headlines / Tokyo court rejects plan by some Elpida creditors to stop sale to Micron

Tokyo court rejects plan by some Elpida creditors to stop sale to Micron

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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