Thursday, December 08, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple In Talks With Hollywood For Early Movie Rental
Bluetooth 5 Technology Brings Advancements In Terms Of Range, Speed And Capacity
Global Virtual Reality Association Established To Promote VR
Fitbit Acquired Assets from Pebble
GIGABYTE Announces Xtreme Gaming Peripherals, Including A Gaming Chair
Scythe Releases Improved Mugen 5 CPU Cooler Armed With Kaze Flex 120 Fan
Qualcomm Begins Sampling The 48- Core, 10nm Centriq 2400 Server Processor Family
Could Future Intel Chips Have AMD Graphics Inside?
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 > Elpida ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 29, 2013
Elpida Creditors Appeal Court's Approval of Company's Purchase


Certain unsecured creditors of Elpida Memory Inc. filed appeals in Tokyo on Friday, of the Tokyo District Court's February 28 order approving Elpida's plan of reorganization.

Elpida's reorganization plan calls for Micron to sponsor Elpida's reorganization under which Elpida will become a wholly-owned subsidiary of Micron. The Tokyo District Court's approval followed an Elpida creditor vote, concluded on February 26, in which the creditors voted overwhelmingly to approve the reorganization plan.

"Elpida trustees and the court ran a very thorough and competitive sponsor selection process before selecting Micron as the sponsor," said Micron CEO Mark Durcan. "Their decision and plan of reorganization was confirmed by the successful vote of the creditors in February. We are confident the Tokyo District Court's approval of Elpida's reorganization plan will be upheld."

The closing of the transaction remains subject to the satisfaction or waiver of certain conditions -- including finalization of the Tokyo District Court's approval order under Japanese bankruptcy rules and recognition of Elpida's reorganization plan by the United States Bankruptcy Court for the District of Delaware (or the completion or implementation of alternative actions providing a substantially similar effect). Micron estimates the appeal process of the Tokyo District Court's approval order will take approximately three to four months.


Previous
Next
Apple Said to Plan Game Hardware        All News        VIZIO Refreshes Its PC Line-Up With Full HD High Performance Touchscreens with Windows 8
Dell Panel Backs Founder's buyout, Warns Of Risks Of Remaining A Public Company     General Computing News      Olympus, Sony Delay Establishment Of Medical Business Venture Company

Get RSS feed Easy Print E-Mail this Message

Related News
Nanya Completes Acquisition of Micron Shares
Micron Introduces The TLC-based 5100 Enterprise SSDs
Micron Posts Yearly Revenue Decline, But Forecast Profit
Micron Opens Fab 10 Singapore NAND Flash Memory Fabrication Facility
Micron Announces QuantX Branding For 3D XPoint Memory, Releases 3D NAND flash for Mobile Devices
Micron Introduces SLC NAND Flash for IoT and Automotive
Micron To Reduce Workforce Following Slow Third Quarter Results
Micron Showcases 3D NAND-based Ballistix TX3 And Crucial MX300 SSDs at Computex
Micron Expands Singapore NAND Fab
Micron Debuts 3D NAND 1100 and 2100 SSDs
Micron Unveils New NVMe PCIe SSDs, New Flash-storage Solutions For Open Source Data Centers
Micron Swings to Loss

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .