Deals
Micron Technology Agrees to Buy Rest of Inotera for $3.2 Billion
- Offer is worth NT$30 a share for 67 percent not owned already
- All of Inotera's DRAM output already bought by Micron
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Micron Technology Inc. agreed to buy the rest of Inotera Memories Inc. it doesn’t already own for $3.2 billion excluding cash and debt, the latest consolidation in the global semiconductor market.
The offer is worth NT$30 per Inotera share, the Boise, Idaho-based company said in a statement Monday. Micron, which now owns about 33 percent of Inotera, said both sides have 60 days to agree on the final details of the deal.