Micron (MU) - Delays closing of Inotera acquisition by ~ six months (MU 33% holder)
- MU announced an update regarding its effort to acquire the remaining interest in Inotera.
- While the acquisition was initially expected to close in mid-July 2016, the parties have concluded that closing the transaction on this timeframe is not possible. Micron expects to provide an update toward the latter part of calendar 2016.