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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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September 18, 2014
06:45 EDTMUMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 16, 2014
09:36 EDTMUActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX TSLA YHOO FB PBR MU AA TWTR WMT
September 15, 2014
11:56 EDTMUStocks with call strike movement; MU GILD
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September 14, 2014
18:10 EDTMUMicron looks to expand to autos and wearables, WSJ says
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September 10, 2014
10:44 EDTMUMicron mentioned positively at Raymond James
September 9, 2014
07:22 EDTMURaymond James to hold a conference
North American Equities Conference to be held in London, England on September 9.
September 4, 2014
12:50 EDTMUMicron's Adams says market different now due to consolidation, diversification
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06:53 EDTMUMicron reinstated with a Buy at Deutsche Bank
Deutsche Bank reinstated shares of Micron with a Buy rating saying the company's improved profitability and free cash flow generation are sustainable. The firm has a $40 price target for shares.

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