Wednesday, April 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Travelling Through Time On Updated Google Maps
OnePlus One To Launch Next Month
LG Display Reports First Quarter Results
Toshiba Announces Canvio AeroMobile Wireless SSD
Global Chip Revenue Rises in 2013
Google Spent $3.82 Million Lobbying In First Quarter
Intel To Release Bay Trail-Entry Chip For Budget Tablets
Toshiba, SanDisk Mass Produce 15nm NAND flash Memory
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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
Micron Releases New Solid State Drive For Data Centers
Micron, MediaTek Consider Investments In Kingston Solutions
Micron and Wave Systems Collaborate to Secure Connected Devices
Micron Reports Second-Quarter Profit
Micron To Offer DDR4 Modules for Future Intel Xeon Systems
Crucial M550 Series SSDs Released
Sony And Micron Showcase 16Gb ReRAM
Samsung, TSMC, and Micron Top List of IC Capacity Leaders
Micron Q3 Revenue Soars After Elpida Deal Officially Closes
Micron And Broadcom Collaborate to Solve DRAM Timing Challenge
Rambus Settles Patent Disputes With Micron
Micron Develops Automata Processor For High-performance Computing

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .