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Stock Market & Financial Investment News

News Breaks
January 27, 2014
08:12 EDTMUMicron sees Q2 charge about $10M for convertible debt repurchases
Micron Technology announced that the company, in privately-negotiated transactions, had repurchased approximately $26M in aggregate principal amount of its 1.875% Convertible Senior Notes due 2031 for $65M in cash, approximately $100M in aggregate principal amount of its 2.375% Convertible Senior Notes due 2032 for $249M in cash and approximately $38M in aggregate principal amount of its 3.125% Convertible Senior Notes due 2032 for $93M in cash. The company anticipates that the closings of these repurchases will be completed by January 28. Following the closings of these repurchases, the company estimates that approximately $114M in aggregate principal amount of 2031B Notes, approximately $451M in aggregate principal amount of 2032C Notes, and approximately $412M in aggregate principal amount of 2032D Notes will remain outstanding. The company expects to record a charge in Q2 of approximately $10M associated with the repurchases of the notes. The company said, "We eliminated approximately 10M shares from our current dilutive share count, assuming a $23 stock price, and reduced the outstanding principal amount of our debt by approximately $164M."
News For MU From The Last 14 Days
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July 18, 2014
11:42 EDTMUAMD plummets after profit miss, analyst downgrades
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06:02 EDTMUDRAMeXchange: Global DRAM module sales grew 32% in 2013, DigiTimes says
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July 16, 2014
18:26 EDTMUOn The Fly: After Hours Movers
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13:44 EDTMUEarnings Preview: Stifel sees SanDisk results, guidance topping expectations
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06:20 EDTMUDRAM chip prices likely to increase 10% in July, DigiTimes reports
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July 15, 2014
11:07 EDTMUStocks with call strike movement; MU FB
Micron (MU) October 37 call option implied volatility increased 2% to 39, Facebook (FB) December 75 call option implied volatility increased 3% to 38 according to IVolatility.
July 14, 2014
13:29 EDTMUMicron conference call with management positive, says Sterne Agee
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