July 17, 2015 (Shareholders Foundation) - An investigation for investors, who currently hold NASDAQ:MU shares, is ongoing concerning whether a potential takeover of Micron Technology, Inc. would be unfair to investors in NASDAQ:MU shares.

The investigation by a law firm is at an early stage and concerns whether a takeover would be unfair to NASDAQ:MU investors.

On July 14, 2015, it was reported that according to people familiar with the matter said that China based Tsinghua Unigroup Ltd., prepared a $23 billion bid to buy U.S. memory chip maker Micron Technology, Inc. (NASDAQ:MU) at $21 per share.

However, given that at least one analyst has set the high target price for NASDAQ:MU shares at $43.00 per share, the investigation a law firm concerns whether the Micron Technology board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.

Micron Technology, Inc. (NASDAQ:MU) reported that its Total Revenue rose from over $9.07 billion for the 52 weeks period that ended on August 29, 2013 to over $16.35 billion for th e52 weeks period that ended on August 28, 2014 and that its respective Net Income increased from $1.19 billion to over $3.04 billion.

Shares of Micron Technology, Inc. (NASDAQ:MU) traded as recently as late 2014 as high as $36.49 per share.