Thursday, August 16, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Exynos Modem 5100 Is the First 5G Modem Fully Compliant with 3GPP Standards
Samsung and Harman Kardon Provide Sound in New Premium Soundbar Lineup
Intel Discloses New Chip Security Flaws
Trendforce Confirms New iPhone Launch This Fall, Including a Budget Version
NVIDIA Unveils Turing Architecture, Quadro RTX Ray-Tracing GPU
AMD Says New 2nd Generation, 32-core AMD Ryzen Threadripper Processors Break Boundaries of High-End Desktop Market
HyperX Announces the HyperX Gaming microSD Cards
Fraunhofer Scientists Find Dangerous Security Holes in Tracker Apps
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
Micron and Intel to End Their 3D XPoint Joint Development Partnership
Micron Says UMC Patent Ruling Will Have Minimal Impact to Revenue
Micron Chip Sales Banned in China, UMC Says
Micron GDDR6 Memory Enters Volume Production
Micron Had a Record Quarter in Terms of Revenue and Profitability
Micron and Intel Deliver First 1Tb - 4bits/cell QLC 3D NAND Die
Cadence and Micron Prototype First DDR5 Memory
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

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 .