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.

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.