Micron Technology, Inc. (NASDAQ: MU) Stocks Trade Higher in Sympathy for Western Digital Corporation (NASDAQ: WDC) after a Wall Street Journal report indicating that Western Digital is in advanced talks to merge with Japan’s Kioxia Holdings Corp in a deal valued at more than $20 billion.
The Wall Street Journal reported in March that Western Digital and Micron Technology were investigating possible deals with Kioxia, which makes NAND flash memory chips used in smartphones, computer servers and other devices. Micron’s interest has since cooled and Kioxia is focusing on talks with Western Digital, which already has deep ties to the Japanese company.
Micron Technology, Inc. designs, manufactures and markets memory and storage products worldwide.
Micron stock was trading about 4% higher at $74.89 per share at the time of publication on Wednesday. The stock has a 52-week high of $96.96 and a 52-week low of $43.67.
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