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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 3, 2015
15:32 EDTMUOptions Update; September 3, 2015
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September 2, 2015
12:33 EDTMUOptions Update; September 2, 2015
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September 1, 2015
09:41 EDTMUDRAM prices likely to continue to fall, says Cleveland Research
Cleveland Research's channel checks indicate PC DRAM pricing is likely to continue to decline on a contract basis to approximately $17 by year end, along with server and mobile pricing. The firm's contacts indicate DRAM demand remains weak with no real indications of a rebound and supply remains in excess. Cleveland remains cautious on Micron and the DRAM market, and sees additional downside to consensus estimates.
August 31, 2015
16:00 EDTMUOptions Update; August 31, 2015
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13:29 EDTMUMicron volatility elevated
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11:21 EDTMUTsinghua open to Micron partnership if deal not reached, dealReporter says
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10:57 EDTMUAnalyst calls end to PC downturn, upgrades Intel
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05:50 EDTMUStocks with implied volatility movement; MRO MU
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August 28, 2015
08:03 EDTMUMicron management to meet with MKM Partners
Meetings to be held in Connecticut on September 3 and in New York on September 4 hosted by MKM Partners.
06:10 EDTMUTsinghua Unigroup chairman meets with Micron board members, Reuters says
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August 27, 2015
15:19 EDTMUOptions Update; August 27, 2015
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11:30 EDTMUStocks with call strike movement; MU MRO
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05:53 EDTMUIC demand for notebooks picking up, DigiTimes reports
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August 23, 2015
14:23 EDTMUApple, Micron shares look like bargains, Barron's says
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