Elpida Aims To Seal $2B Micron Sale With Final Plan Approval

Law360, New York (May 22, 2013, 4:16 PM EDT) -- Elpida Memory Inc. urged a Delaware bankruptcy judge Wednesday to recognize its reorganization plan that would cement its $2 billion takeover by Micron Technologies Inc., saying acceptance of the plan is imperative to the companies' future.

The Tokyo-based memory chip producer's request comes after a Japanese bankruptcy court approved the plan in February, a ruling which was upheld by an appeals court last week, leaving recognition of the plan by the Delaware bankruptcy court as the Micron deal's last major hurdle.

Elpida says the Delaware court's...
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