NEW YORK--(BUSINESS WIRE)--TheGrantLawFirm, PLLC is monitoring and investigating the potential acquisition of chip maker Micron Technology (“Micron” or the “Company”) (Nasdaq:MU) by the Chinese owned Tsinghua Unigroup (“Tsinghua”).
Dow Jones reported last night that Chinese government-backed chip maker Tsinghua is prepared to bid $21 per share, or roughly $23 billion, for DRAM and NAND memory-chip maker Micron. According to various analysts, the bid is inadequate. In fact, investor David Einhorn recently said that Micron had the potential to be worth more than Netflix, which has a market capitalization of over $42.9 billion. Micron is currently the world’s fifth largest chipmaker by revenue. If the deal is completed, it would be the largest takeover of a U.S. company by a Chinese firm.
Accordingly, TheGrantLawFirm is monitoring this potential deal and whether it will result in an unfair and inadequate transaction. If you are a shareholder of Micron Technologies and have questions about the potential transaction or our investigation, please contact Jorge Amador at firstname.lastname@example.org or Lynda J. Grant at email@example.com. Jorge Amador is a forensics accounting expert and advises investors on accounting and corporate governance issues. Lynda J. Grant has been representing wronged investors for over 30 years, and was recently selected as a New York Metro Superlawyer.