Micron Technology to acquire Lexar Media
Micron Technology, the owner of Crucial Technology, and Lexar Media announced that they have entered into a definitive agreement for Micron to acquire Lexar in a stock-for-stock merger. Lexar will become a wholly owned subsidiary of Micron, and Lexar’s stock will cease trading on the NASDAQ stock market.
The merger is designed to combine Micron’s technology and manufacturing leadership in NAND flash memory with Lexar’s leadership in NAND controller and system design technology, brand recognition and retail channel strength to create a vertically integrated entity fully focused on the NAND business.
Provided by www.AllMemoryCards.com
Source: www.micron.com
Add comment March 8th, 2006