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Micron Technology (NASDAQ:MU): Current price $7.79
Despite the opposition of bondholders in the United States, Elpida Memory has won court approval for tech deals linked to its proposed $2.5 billion sale to Micron. On Thursday, a U.S. Bankruptcy Court judge in Delaware found no evidence of collusion or improper motives in the company’s tech licensing arrangements with Micron and a $15 million patent sale to Rambus. Bondholders contended that the agreements were an attempt to bind the bankrupt chipmaker to Micron and were also unfairly beneficial to the latter.
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