Micron Technology Inc.

NASDAQ:MU   3:59:59 PM EDT
76.31
+0.37 (+0.49%)
4:00:02 PM EDT: $76.32 +0.01 (+0.01%)
Debt Financing / Related, Divestitures / Spin-offs, Mergers / Acquisitions

Micron Technology Says Economic Value For Micron From Sale Of Lehi, Utah, Fab To Texas Instruments Is $1.5 Billion

Published: 06/30/2021 20:35 GMT
Micron Technology Inc. (MU) - Press Release - Micron to Sell Lehi, Utah, Fab to Texas Instruments.
Micron Technology Inc - Economic Value for Micron From Sale is $1.5 Billion.
Micron Technology - Economic Value Comprised of $900 Million in Cash From Ti From Sale, and About $600 Million in Value From Select Tools & Other Assets.
Micron Technology Inc - Ti Will Offer All Lehi Site Team Members Opportunity to Become Employees Upon Closing of Sale.
Micron Technology - Sold Some Assets Received in Deal & Will Retain Remainder to Redeploy to Its Other Manufacturing Sites Or Sell to Other Buyers.