Micron Technology (MU): Tsinghua Unigroup Preps $23B Bid – ValueWalk Premium
Micron Technology

Micron Technology (MU): Tsinghua Unigroup Preps $23B Bid

In a potential big win for David Einhorn's Greenlight Capital, Chinese state-backed company Tsinghua Unigroup is said to be planning a $23 billion bid to acquire U.S. memory chip maker Micron Technology in what could be the biggest Chinese takeover of a U.S. company ever. If the bid fructifies, it would be the largest outbound acquisition for a China-based company, surpassing Cnooc’s $17.4 billion bid for Nexen Energy in 2012.

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0