Investor Group Fights Micron's $2.5B Bid For Bankrupt Elpida

Law360, Wilmington (August 13, 2012, 4:59 PM EDT) -- Challenging the planned $2.5 billion sale of Elpida Memory Inc. to Micron Technology Inc., Elpida bondholders lobbied a Delaware bankruptcy judge on Friday for added protections concerning the Japanese chipmaker’s U.S. assets.

A group of bondholders of Tokyo-based Elpida claims it has been kept in the dark about the terms of the proposed sale and its effect on creditors, according to a motion filed in Delaware bankruptcy court. The group wants the ability to go after the company’s U.S. assets in the event the bankruptcy judge...
To view the full article, register now.