Markets & Finance

Hynix Semiconductor Rejects Micron's Offer

Hynix Semiconductor's board unanimously rejects Micron Technology's (MU) $3 billion bid to buy the Korean company's key memory chip assets. Micron says it is considering its next move after the surprising decision. (4/30)

Aquila (ILA) agrees to acquire independent power producer Cogentrix Energy for $415 million in cash, plus $355 million in debt assumption and $770 million in non-recourse project-level debt. (4/30)

Community Financial Group (CFGI) agrees to be acquired by Synovus (SNV). Terms: CFGI to receive either 0.969 SNV stock if the average SNV price is equal to or less than $26.83; or 0.860 shares if the price is equal to or greater than $30.25. (4/30)

Fidelity National Information Solutions (FNIS) launches a tender offer for Micro General (MGEN) of 0.696 FNIS share per MGEN share. The implied tender offer price for Micro General is $16.65 per share. (4/30)

The Aging of Abercrombie & Fitch
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