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Technology Stocks : Semi Equipment Analysis
SOXX 330.35+0.5%Jan 12 4:00 PM EST
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To: Return to Sender who wrote (29114)3/8/2006 10:34:36 AM
From: sixty2nds  Read Replies (2) of 95708
 
08:55 LEXR Lexar Media to be acquired by Micron (7.09 ) -Update-

MU announces that they have entered into a definitive agreement to acquire LEXR in a stock-for-stock merger. Under terms of the agreement, each outstanding common share of LEXR will receive 0.5625 shares of MU. MU anticipates issuing shares in exchange for 81.6 mln LEXR shares outstanding. Additional MU shares will be issued upon the exercise of assumed stock options. "The merger is designed to combine Micron's technology and manufacturing leadership in NAND flash memory with Lexar's leadership in NAND controller and system design technology, brand recognition and retail channel strength to create a vertically integrated entity fully focused on the NAND business..."
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