Micron is under no pressure to sell
According to Handy, Micron's management is bullish about its prospects for the remainder of the year, and they may decide that the reported offered price, which is 19 percent above today's closing price, is insufficient.
"Micron stock was trading in January at nearly twice today's value," Handy said.
As of January 2015, Micron's market capitalization was $32 billion.
Additionally, there has been a lot of concern recently that the Chinese economy may collapse, Handy said.
"If the [U.S.] government approval process takes too long, then a China bubble burst could well prevent this deal from materializing," he said.
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