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Micron Technology to buy Lexar

Pending regulatory review, Micron Technology is going to purchase Lexar in a stock-to-stock merger. According to the press release linked below this is being done to allow Micron to control their production of flash memory devices from design through sales.

Lexar Logo

Announced March 8, 2006, the merger is expected to end during Q3 of ‘06 and will make Lexar a subsidiary of Micron.

Link to the full press release.

This entry was posted on Wednesday, March 8th, 2006 at 10:01 am and is filed under Photo News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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