Micron Plans to Buy Intel Stake in IM Flash Joint Venture
October 18 2018 - 5:05PM
Dow Jones News
By Josh Beckerman
Micron Technology Inc. (MU) plans to exercise its right to buy
Intel Corp.'s (INTC) interest in their joint venture, IM Flash
Technologies LLC.
Micron, which can exercise a call option starting Jan. 1, 2019,
expects to pay about $1.5 billion in cash at the time of close.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 18, 2018 16:50 ET (20:50 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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