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Maker of semiconductor devices $MU said that it has agreed to acquire Inotera Memories' remaining shares for consideration worth 30 New Taiwan Dollars per share or approx. $0.92 per share. At present, $MU owns approx. 33% of Inotera representing transaction value of approx. $3.2Bil, net of cash and debt at Inotera, to acquire the remaining equity.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.