Micron's m&a subfamily case time delay

American memory giant Micron announced, unable to duly completed mergers and acquisitions in the middle of July subfamily DRAM factory China, expected the deal to finish time will be deferred backward, meguiar's did not explain the reason of the delay the deal, but will provide mergers and acquisitions in recent China subfamily schedule and more details.Industry forecasts, Micron's acquisition of Washington subfamily all equity case should be the case at the end of season 3.

in the end of march this year the resolution with micron semiconductor Taiwan signed a formal beauty photon company equity transfer contract, by the Taiwan micron semiconductor nt $30 per share in cash for consideration, subfamily in China all outstanding common stock.Complete co conversion case had expected in July, China subfamily will become Micron's 100% shareholding subsidiaries, however, Micron's only yesterday announced that the deal will not be finished in the middle of July as scheduled.

Industry insiders revealed that China Micron's m&a of subfamily of the three conditions, conditions for approval by the competent authority by the government has been completed, 80 billion yuan bank syndication case seems to also won't have too big problems, and the current card off part, is a south Asian families subscribe meguiar's private case.The reason will be variable is mainly the result of the nearly a month in the United States shares rose about 3 into light.

DRAM prices fell earlier this year, leading to a meguiar's poor results, Micron's share price by more than $14 a month, fell to about $10 to see stop falling, and until mid-may, Micron's share price has been $10 and consolidation.Micron again in early may, therefore, of south branch in consultation with South Asia division Micron's private a dalian, South Asia board through add another option that is included at the same time for private and convertible corporate bonds (ECB), the last option will be decided by the light.

Simply Micron's shares strong gains in began to appear in the late may, within one month band or has amounted to about 3 as, Micron's share price is equal to the return to $13 for interval.Also as a result, south Asian equity Micron's case, both parties need to negotiate again on south Asian families participate in micron private stocks or convertible corporate bonds actual subscribe shares and prices, and therefore lead to Micron's can't do m&a in the middle of July as scheduled.But the case is expected still have a chance to finish before the end of season 3, subfamily when China will be from the Taiwan stock exchange options available.