Deals
Micron Rallies as Tsinghua Is Said to Plan $23 Billion Offer
How Concerned Should We Be Over Micron China Deal?
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The investment arm of one of China’s top universities is planning to offer $23 billion for chipmaker Micron Technology Inc., a person familiar with the matter said, a deal that would be the largest takeover of a foreign firm by a Chinese company.
Micron rose 11 percent to close at $19.61 in New York, marking its biggest gain since December 2011.