MU stock falls 2% after $5.4bn debt tender offer news

Micron Technology (MU) announced a $5.4 billion cash tender offer for outstanding senior notes due between 2031 and 2035. The offer expires on March 31, 2026. This follows strong Q2 earnings results. However, MU stock fell nearly 2% in pre-market trade, while retail sentiment on Stocktwits remains "extremely bullish."