View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 8, 2010

Micron to acquire Numonyx for $1.27bn

To boost its presence in the flash-memory market

By CBR Staff Writer

Micron Technology has agreed to acquire privately held Numonyx in an all-stock transaction valued at approximately $1.27bn.

Under the terms of the agreement, Micron will issue 140 million Micron common shares to Numonyx shareholders, Intel , STMicroelectronics, N.V. and Francisco Partners.

Up to 10 million additional Micron common shares will be issued ratably to Numonyx shareholders to the extent the volume weighted average price of Micron shares for the 20 trading days, ending two days prior to the close of the transaction, ranges between $7.00 and $9.00 per share.

Micron said that the transaction strengthens its position in the flash memory market, with a portfolio of DRAM, NAND and NOR memory products. . It also expects to gain increased manufacturing scale globally and access to Numonyx’s customer base, providing opportunities to increase multi-chip offerings in the embedded and mobile markets.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Steve Appleton, Chairman and CEO of Micron,said: Acquiring Numonyx brings together two memory leaders and positions Micron to offer the most comprehensive, cost-competitive offerings in the industry to a broad range of customers and end-markets.”

The transaction is subject to regulatory review and other customary closing conditions and is currently anticipated to close within three to six months.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU