Micron Technology, Inc.: Riding the Wave—Refinancing Convertible Notes

Micron Technology, Inc.: Riding the Wave—Refinancing Convertible Notes

Micron Technology, Inc.: Riding the Wave—Refinancing Convertible Notes

In 2013, Micron Technology (Micron), a leading provider of advanced memory solutions, was finally having a good year after several difficult years. In July, its share price rose above $14, an increase of more than 100% since the beginning of the year. In light of the recently improved performance, Ronald C. Foster, vice president of finance and CFO, was reevaluating the firm's financing policies.

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