Wednesday, July 29, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Starts Mass Production Of First Mobile Image Sensor with 1.0µm Pixels
Windows 10 Free Upgrade Today
Oculus Debuts Virtual Reality Film
Nokia Releases The OZO Virtual Reality Camera for Professionals
LG Electronics 2Q Profit Slumps On Weak TV, Smartphone Sales
Qualcomm Enables Wireless Charging for Mobile Devices with Metal Cases
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Motorola Unveils New Moto G, Moto X Play and Moto X Style Android Phones
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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.


Previous
Next
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
New Memory Memory Chip Is 1,000 Times Faster Than Flash
Micron M510DC SATA Solid State Drive Released - Company A Bid Target By Chinese
Low Memory Prices Hit Micron's Profit, Revenue
Computex: Micron Announces New High-Capacity, 16nm Triple-Level-Cell NAND
Micron, Seagate Announce Alliance on Solid-state Drives
Micron and ASTAR Data Storage Institute Renew Research Collaboration On STT-MRAM
Micron Introduces Embedded Multichip Package (MCP) Portfolio, Automotive Storage Solutions
Micron, Wave Systems, Lenovo and American Megatrends To Create New Standard to Tackle Pre-boot Threats Within the Supply Chain
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Micron Launches SDK For Its Automata Processor
Micron M600 SSD Released With Dynamic SLC Cache
Tessera and Micron Execute New Technology and Patent License Agreements

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .