Inotera shares soar on bid rumor

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

Taipei Times
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]

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