Riverwood and TPG Snag Micron Spin-Off
June 3, 2009- Share:
Riverwood Capital and TPG Capital have agreed to acquire Micron Technology's Aptina Imaging unit. The division makes image sensors for cameras, phones and other digital devices. Micron will retain a 35% stake in the unit, which posted revenues of $650 million for its fiscal year ending in August. The deal represents the first United States acquisition for both Riverwood and TPG so far this year.
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