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...
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