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Micron to Acquire Numonyx Memory Specialist...
[Posted by: Steve]
Micron and Numonyx announced today that the companies have signed a definitive agreement under which Micron has agreed to acquire privately held Numonyx in an all-stock transaction valuing Numonyx at approximately $1.27 billion...

Under the terms of the agreement, Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel Corp., STMicroelectronics and Francisco Partners. Up to 10 million additional Micron common shares will be issued ratably to Numonyx shareholders to the extent the volume weighted average price of Micron shares for the 20 trading days, ending two days prior to the close of the transaction, ranges between $7.00 and $9.00 per share.

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02/16/2010

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