Spansion Agrees To Buy Silver Lake Bankruptcy Claims For $29 Million

Spansion Inc. (NYSE: CODE) agreed to acquire certain bankruptcy claims held by SL Capital Appreciation Fund LLC, Silver Lake Sumeru Fund LP and Silver Lake Credit Fund LP. The deal has a purchase price of $29 million and has been approved by the board of Spansion, which is a Sunnyvale, Calif.-based provider of Flash memory technology.

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