Micron walks away from Hynix
Hynix's creditors still want the Korean chipmaker to be sold. Korea Exchange Bank President Lee Kang told Bloomberg: "Creditors have not changed their original position that Hynix should be sold. "I hope that a channel of further talks with Micron has not been severed." Well it looks well and truly mangled - today Micron said it has ceased all talks with Hynix, following the rejection by the Korean firm's board of its $3.4bn takeover proposal.
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