Micron deal for Elpida Memory appears to clear legal hurdle

Elpida chips are seen at an electronic store in Tokyo's Akihabara districtBy Tom Hals (Reuters) – Micron Technologies Inc's planned acquisition of bankrupt Japanese chipmaker Elpida Memory Inc appeared to move closer to completion on Friday after a key deadline passed without a legal challenge. U.S. creditors had until 4 p.m. on Friday to object to the request by Elpida to have a U.S. Bankruptcy Court in Delaware issue orders that would enforce its Japanese restructuring, according to court records. At the center of the restructuring is the proposed sale to Micron for 200 billion yen (about $ 2. …

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