Merger of Micron Computer, Micron Custom Manufacturing, and ZEOS International Creates Micron Electronics, Inc.

Strategic Insights -

The merger of Micron Computer, Inc., Micron Custom Manufacturing Services, Inc., and ZEOS International, Ltd. was approved by shareholders on April 6, 1995. The combined company, Micron Electronics, Inc., will have approximately 91 million shares of common stock outstanding, with Micron Technology, Inc. owning approximately 79% of the outstanding shares. The merger is expected to become effective at the close of business on Friday, April 7, 1995.

Key Takeaways:

  • The merger of Micron Computer, Micron Custom Manufacturing, and ZEOS International created Micron Electronics, Inc. on April 6, 1995.
  • Micron Electronics, Inc. will have approximately 91 million shares of common stock outstanding, with 79% owned by Micron Technology, Inc.
  • The company will be traded on the NASDAQ National Market under the symbol MUEI following the merger.
  • Micron Electronics will combine the resources of its predecessor companies, including Micron Computer's high-performance memory-intensive personal computer and peripheral products, Micron Custom Manufacturing's contract manufacturing services, and ZEOS International's direct sale of computer systems and contract design services.
  • The merger brings together the manufacturing and marketing capabilities of three companies, creating a leading player in the electronics industry.
  • Micron Technology, Inc. (NYSE:MU) and Micron Custom Manufacturing Services, Inc. will continue to operate as subsidiaries of Micron Electronics, Inc.
  • The company's engineering and manufacturing resources will be leveraged to design and manufacture high-performance semiconductor products.

Statistics:

  • 91 million: approximate number of shares of common stock outstanding for Micron Electronics, Inc. following the merger
  • 79%: percentage of Micron Electronics, Inc.'s outstanding shares owned by Micron Technology, Inc.
  • 7%: approximate number of shares of Micron Electronics, Inc. traded on the NASDAQ National Market under the symbol MUEI
  • 368-2757: phone number for Micron Custom Manufacturing Services, Inc.
  • April 6, 1995: date of shareholder approval for the merger
  • April 7, 1995: expected date of the merger's effectiveness

Sources:

  • "Micron Computer, Micron Custom Manufacturing Services and ZEOS International Announce Merger to Form Micron Electronics, Inc."

BUSINESS WIRE

April 6, 1995