Wednesday, June 21, 2006

Lexar Media, Inc. is no more

Did the Lexar shareholders join the "head-in-sand" party?

Effective after the close of market today (6/21/06) and with the closing of the transaction, trading in Lexar common stock on NASDAQ stock market will cease. Micron will promptly arrange for a letter of transmittal to be sent to each registered Lexar stockholder that will inform such stockholder where to deliver Lexar stock certificates in order to receive shares of Micron stock and cash in lieu of fractional shares.

"With this acquisition, Micron becomes a vertically integrated provider of flash storage requirements for retail customers as well as consumer electronics and enterprise segments," said Steve Appleton, Micron Chairman, Chief Executive Officer and President. . .

"Our merger with Micron is a great opportunity for our stockholders, our employees and the future of Lexar," said Eric Stang, Lexar's Chairman, Chief Executive Officer and President. " . . .

Press release linked here.

Former Lexar shareholders, welcome to the party.

Party invitation #1 linked below:

Rambus v. Micron et al. antitrust complaint linked here.

Party invitiation #2 linked below:

Rambus v. Micron DDR2, DDR3, etc. complaint linked here.

No comments:

Personal Blogs - Blog Top Sites