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April 10, 1988

MICRON BUYS 14.5% OF STANDARD MICROSYSTEMS

By CBR Staff Writer

When the Hauppauge, New York-based Standard Microsystems Corp succeeded in seeing off unwelcome stake-builder CB Equities Corp in February by paying its $1m expenses, it also agreed to find a congenial buyer for the 16.8% stake that CB had built up in Standard. The chosen buyer turns out to be Micron Technology Inc, Boise, Idaho, which paid $9.8m for shares amounting to 14.5% of Standard, the balance having been sold by CB in the market.

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