The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Micron and Elpida Announce Expiration of Hart-Scott Rodino Waiting Period

Tuesday, September 11, 2012

Micron and Elpida Announce Expiration of Hart-Scott Rodino Waiting Period17:00 EDT Tuesday, September 11, 2012BOISE, Idaho, and TOKYO, Sept. 11, 2012 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq:MU) ("Micron") and Elpida Memory, Inc. ("Elpida") today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), has expired in connection with Micron's previously announced acquisition of Elpida. Expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for consummation of the transaction. The closing of the transaction remains subject to other conditions—including approval by Elpida creditors, the Tokyo District Court and regulatory approvals in other countries—and is expected to be completed in the first half of calendar 2013. Elpida's reorganization plan was submitted to the Tokyo District Court in mid-August, 2012.About Elpida Elpida Memory, Inc. is a leading manufacturer of Dynamic Random Access Memory (DRAM) integrated circuits. The company's design, manufacturing and sales operations are backed by world class technological expertise. Its 300mm manufacturing facilities, consisting of its Hiroshima Plant and a Taiwan-based joint venture, Rexchip Electronics, utilize the most advanced manufacturing technologies available. Elpida's portfolio features such characteristics as high-density, high-speed, low power and small packaging profiles. The company provides DRAM solutions across a wide range of applications, including personal computers, servers, mobile devices and digital consumer electronics. More information can be found at Micron Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit The Micron Technology, Inc. logo is available at Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.CONTACT: Kipp Bedard Micron Investor Relations (208) 368-4465 Daniel Francisco Micron Media Relations (208) 368-5584 Yukio Sakamoto, Elpida Trustee Nobuaki Kobayashi, Elpida Trustee, Attorney-at-Law Takao Adachi, Director and Executive Officer, Elpida Public Relations +81-3-3281-1500