BUYOUT:Tsinghua Unigroup, China’s largest chip design company, intends to pay US$21 a share for Micron, Inotera’s parent firm, the ‘Wall Street Journal’ reported
Date: Jul 15, 2015
By: Lisa Wang / Staff reporter
Shares of DRAM chipmaker Inotera Memories Inc (華亞科技) rocketed 9.93 percent amid speculation that its parent company, Micron Technology Inc, has become a target of China’s state-owned Tsinghua Unigroup Ltd (清華紫光) in a buyout bid worth US$23 billion.
Shares in Inotera, which is 33 percent owned by Micron, surged to NT$22.7 yesterday, with trading volume hitting a more than two-year high at 235.79 million shares.
Inotera yesterday said it does not comment on “market rumors.” [FULL STORY]