Thursday, April 02, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Introduces Riff And Scrapbook
The White House Targets Cyber Attackers With New Sanctions Program
Uber Files Complaints Against Service Bans
Yahoo Autos Is Launching Today
GoDaddy Enters The Wall Street
Amazon Button for Instant Product Ordering
Sony To Sell Olympus Shares
Tech Industry Enjoys April Fools' Day
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Court A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, October 31, 2012
Court Approves Elpida's Reorganization Plan


The Tokyo District Court's today issued an order approving the submission of Elpida Memory Inc.'s reorganization plan to creditors as part of Elpida's corporate reorganization proceedings.

Elpida's plan of reorganization calls for Micron Technology to sponsor Elpida's reorganization and provides for the combination of Elpida and Micron. The Tokyo District court also confirmed that a competing plan of reorganization proposed by certain of Elpida's creditors would not be submitted for creditor approval.

"Micron is pleased with the Tokyo District Court's order to submit Elpida's plan of reorganization to creditors for approval. This is an important step forward in the reorganization process," said Micron CEO Mark Durcan. "The combination of Micron and Elpida will create the world's second largest memory company with the strongest product portfolio in the industry."

"We will continue our efforts as best as we can to make appropriate repayments to the creditors as well as to reconstruct the business of the reorganizing company," Elpida said in a statement.

The closing of the transaction remains subject to creditor approval and court and regulatory approvals in other countries, and is expected to be completed in the first half of calendar 2013.


Previous
Next
ZTE Unveils 5-inch Smartphone in China        All News        VIA ARTiGO A1250 Is Possibly The World's Smallest x86 Quad Core System
Microsoft and DOCOMO to Promote Windows 8 Tablets In japan     General Computing News      UMC Sees Decrease In 4Q12 Chip Shipments

Get RSS feed Easy Print E-Mail this Message

Related News
Elpida Memory Becomes Micron Memory Japan
Micron Acquires Elpida, Enhances Its DRAM Portfolio
Elpida Acquisition To Close This Month
Micron Closer To Elpida Memory Deal
Tokyo High Court Dismissed Creditor Appeals Against Elpida's Reorganization plan
Elpida Creditors Appeal Court's Approval of Company's Purchase
Tokyo Court Approves Elpida Reorganization Plan
China Clears Elpida's Acquisition By Micron
Japan Fair Trade Commission Clear Micron's Acquisition Of Elpida
Risks Come with Rewards in Micron's Purchase of Elpida
Elpida Bondholders Oppose Micron Takeover
Micron Buying Elpida For $750M

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 .