Sunday, March 18, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Suspends Data Analytics Firm Which Worked on the Trump Presidential Campaign
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Micron ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, February 10, 2010
Micron to Acquire Numonyx For $1.27 Billion

Micron Technology, and Numonyx Holdings B.V. announced today that the companies have signed a definitive agreement under which Micron has agreed to acquire privately held Numonyx in an all-stock transaction valuing Numonyx at approximately $1.27 billion USD.

With the acquisition, Micron, the biggest U.S. producer of computer memory, is expected to compete better with Samsung.

Under the terms of the agreement, Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel Corporation, STMicroelectronics, N.V. and Francisco Partners. Up to 10 million additional Micron common shares will be issued ratably to Numonyx shareholders to the extent the volume weighted average price of Micron shares for the 20 trading days, ending two days prior to the close of the transaction, ranges between $7.00 and $9.00 per share.

The transaction further strengthens Micron?s position as one of the world?s leading memory companies, with a broad portfolio of DRAM, NAND and NOR memory products and strong expertise in developing and supporting memory system solutions. Micron would also gain increased manufacturing scale globally and access to Numonyx?s customer base, providing opportunities to increase multi-chip offerings in the embedded and mobile markets.

"Acquiring Numonyx brings together two memory leaders and positions Micron to offer the most comprehensive, cost-competitive solutions in the industry to a broad range of customers and end-markets," said Steve Appleton, Chairman and CEO of Micron.

"We believe the opportunity for Numonyx to join with Micron will deliver a clear advantage for our customers and our employees," said Brian Harrison, President and CEO of Numonyx.

Micron currently estimates that the transaction would be accretive to the company on both free-cash flow and non-GAAP earnings beginning fiscal year 2011. In addition, it is anticipated that the Numonyx balance sheet will be debt-free following closing.

The transaction is subject to regulatory review and other customary closing conditions and is currently anticipated to close within three to six months.

Blu-ray Chips Overtake Standard DVD Chips in 2009        All News        Google 'Buzz' Network Site Takes on Facebook and Twitter
Microsoft Released February 2010 Security Bulletin     General Computing News      Google 'Buzz' Network Site Takes on Facebook and Twitter

Get RSS feed Easy Print E-Mail this Message

Related News
Micron Launches 5200 SATA Enterprise SSD Featuring 64-layer 3D NAND
UMC Countersuits Micron
Micron and Intel to Limit Their NAND Memory Joint Development Program
Crucial MX500 1TB SSD Retails for $259
Samsung, SK Hynix and Micron Lead the Server DRAM Market
Micron's 32GB NVDIMM Delivers 2933 MT/s Speeds to Eliminate Storage Bottlenecks
Micron to Bring GDDR6N Memory to Networking Devices
Micron Brings LPDDR4 and GDDR6 Memory to Autonomous Vehicles
UMC Indicted On Charges of Trade Secret, Following Micron's Suit
Micron Sold the Lexar Brand to Longsys
Micron Expands its NVDIMM-N Portfolio
Micron Advances Semiconductor R&D Capabilities with New Boise Facility

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .