Friday, March 30, 2012

Reuters: Mergers News: Micron to bid for Elpida, adviser is Goldman-sources

Reuters: Mergers News
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Micron to bid for Elpida, adviser is Goldman-sources
Mar 30th 2012, 09:22

TOKYO, March 30 | Fri Mar 30, 2012 5:22am EDT

TOKYO, March 30 (Reuters) - U.S.-based Micron Technology plans to bid for Japan's Elpida Memory, sources said, likely joining a three-way contest with South Korea's SK hynix and Toshiba Corp to take over the bankrupt memory chipmaker.

Goldman Sachs is acting as Micron's financial adviser, the sources said.

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