US Judge Approves Micron's $2B Takeover Of Elpida

Law360, New York (June 26, 2013, 1:44 PM EDT) -- A Delaware bankruptcy judge on Tuesday recognized Elpida Memory Inc.’s reorganization plan, which had already been approved by a Japanese court, paving the way for a $2 billion takeover of the Tokyo-based chipmaker by rival Micron Technologies Inc.

U.S. Bankruptcy Judge Christopher S. Sontchi granted full force and effect in the U.S. to Elpida’s reorganization plan, which was approved by a Tokyo court in February and later upheld on appeal, clearing the last major hurdle for Boise-based Micron to acquire the maker of dynamic random access...
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