An investigation for investors who currently hold shares of Micron Technology, Inc. (NASDAQ:MU) in connection with a potential takeover was announced and NASDAQ:MU stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/29/2015 -- An investigation for investors in NASDAQ:MU shares is ongoing concerning whether a potential takeover of Micron Technology, Inc. would be unfair to investors in NASDAQ:MU shares.
Investors who purchased shares of the Micron Technology, Inc. (NASDAQ:MU) and currently hold any of those NASDAQ:MU shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:MU investors.
On July 14, 2015, it was reported that according to people familiar with the matter said that China based Tsinghua Unigroup Ltd., prepared a $23 billion bid to buy U.S. memory chip maker Micron Technology, Inc. (NASDAQ:MU) at $21 per share.
However, given that at least one analyst has set the high target price for NASDAQ:MU shares at $43.00 per share, the investigation a law firm concerns whether the Micron Technology board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.
Micron Technology, Inc. (NASDAQ:MU) reported that its Total Revenue rose from over $9.07 billion for the 52 weeks period that ended on August 29, 2013 to over $16.35 billion for th e52 weeks period that ended on August 28, 2014 and that its respective Net Income increased from $1.19 billion to over $3.04 billion. Shares of Micron Technology, Inc. (NASDAQ:MU) traded as recently as late 2014 as high as $36.49 per share.
On July 15, 2015, NASDAQ:MU shares closed at $18.12 per share.
Those who are current investors in Micron Technology, Inc. (NASDAQ:MU) and purchased their NASDAQ:MU shares prior to the announcement, have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com