STMicroelectronics Completes the Sale of Numonyx to Micron Technology
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STMicroelectronics Completes the Sale of Numonyx to Micron Technology

GENEVA, Switzerland, May 7 — (PRNewswire) — Following the announcement today by Micron Technology of the closing of its acquisition of Numonyx Holdings B.V., STMicroelectronics (NYSE: STM) announced that in connection with the sale of its 48.6% stake in Numonyx, ST has received the following consideration:

Also, at closing of this transaction the senior credit facility that is supported by ST's guarantee of $225 million has been repaid in full.

Based on yesterday's Micron closing share price of $8.75 per share, the transaction results in an estimated gain after tax of approximately $245 million to be reported in ST's fiscal second quarter Income Statement.

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