Friday, August 6, 2010
Micron Technology Inc. plans to sell to Hynix Semiconductor Inc. its minority stake in a joint venture between Numonyx Holdings B.V.—acquired by Micron in May for $1.27 billion in stock—and Hynix, the company said in a regulatory filing.
Hynix will pay an estimated $422.89 million for the 19.3 percent stake in the China-based joint venture, Hynix-Numonyx Semiconductor Ltd., Micron said.
The transfer of ownership stake is subject to the approval of the Chinese government, Micron (Boise, Idaho) said
By: DocMemory
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