Micron Technology Inc. (MU) on Wednesday announced a cash tender offer for outstanding senior notes worth $5.4 billion.
The company said that its tender offer includes notes due from 2031 through 2035, while adding that the offer will expire at 5 p.m. ET on March 31, 2026.
The development follows Micron’s fiscal second-quarter (Q2) results reported last week, with earnings per share (EPS) of $12.2 on revenue of $23.86 billion. Wall Street analysts expected an EPS of $8.97 on revenue of $19.54 billion, according to Fiscal.ai data.
Micron Technology shares fell nearly 2% in Wednesday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘extremely bullish’ territory at the time of writing.
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