Both Inotera Memories and Nanya Technology have dismissed a report that claims Micron Technology is seeking to lower the acquisition price for Inotera.

A recent Chinese-language Liberty Times report has quoted industry sources as saying that Micron is seeking to lower acquisition price for Inotera to less than NT$20 (US$0.62) per share from earlier agreed NT$30, .

In addition, Micron is renegotiating its deal with Nanya Technology, which has agreed to buy new shares issued by the US-based firm for a total of NT$31.457 billion, the report said. Nanya's equity investment in Micron will enable the Taiwan-based company to become the largest shareholder of Micron with a nearly 10% stake, but Micron now "feels uncomfortable" with such development, the report noted.

Both Inotera and Nanya have issued company filings with the Taiwan Stock Exchange (TSE) denying the report.

Inotera clarified that it is not in talks with Micron about revising the acquisition price of the deal, under which the Taiwan-based company will sell its remaining shares to the US firm for approximately US$3.2 billion.

Inotera added its deal with Micron continues to proceed despite a delay in closing the transaction. Earlier this month (June 2016) Micron disclosed its acquisition of Inotera originally scheduled to complete in mid-July will be delayed.

Nanya also dismissed the report as pure speculation.