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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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August 1, 2014
10:02 EDTMUMicron management to meet with Jefferies
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July 31, 2014
11:48 EDTMUOptions with increasing implied volatility
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10:32 EDTMUMicron falls on DRAM supply update from Samsung
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09:14 EDTMUMicron SanDisk have positive read through from Samsung, says Sterne Agee
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08:18 EDTMUGoldman said increased DRAM supply an incremental negative for Micron
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08:15 EDTMUMicron drops 5% to $30.78 after Samsung upped DRAM supply forecast
Shares of (SNDK) are down 1% to $92.21 following Samsung's results.
July 30, 2014
16:35 EDTMUTessera, Micron enter new technology and patent license agreements
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July 29, 2014
07:47 EDTMUMicron to host analyst meeting
Analyst meeting to be held in Hong Kong on August 5 at 9:30 pm. Webcast Link
05:56 EDTMU Stocks with implied volatility movement; WFM MU
Stocks with implied volatility movement; Whole Foods (WFM) 46, Micron (MU) 38 according to iVolatility.
July 25, 2014
13:13 EDTMUEinhorn bought Lam Research shares, sold Rite Aid last quarter
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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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