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See the best of Reuters photography. See more | Photo caption The surface of Mars The continuing search for signs of life on the Red Planet. Slideshow Quakes hit Iran Two powerful quakes strike northwest Iran. Slideshow Elpida bondholders offer $383 million loan in alternative plan: source Tweet Share this Email Print Related News Elpida bondholders offer $383 mln loan in alternative plan -source Mon, Aug 13 2012 Micron CEO sees higher NAND prices next year Mon, Aug 13 2012 Elpida bondholders to submit competing reconstruction plan: Nikkei Mon, Aug 13 2012 Japan's Renesas expects worst-ever annual loss of $1.9 billion Thu, Aug 2 2012 Toshiba to cut memory chip production by 30 percent Mon, Jul 23 2012 Analysis & Opinion Exit consents, UK law, and common sense Why Argentina’s likely to beat Elliott Associates Related Topics Tech » Banners of the Elpida Backup Fair are seen at an electronics store in Tokyo's Akihabara district in this February 28, 2012 file photograph. Credit: Reuters/Toru Hanai/Files TOKYO | Mon Aug 13, 2012 9:16pm EDT TOKYO (Reuters) - A group of bondholders is offering to provide a loan of 30 billion yen ($383 million) to failed chipmaker Elpida Memory as part of a restructuring plan, aiming to counter a proposed takeover by Micron Technology Inc, a source told Reuters. The loan offer by the bond holders would be presented to the Tokyo District Court on Tuesday, the source familiar with the matter told Reuters. A group of Elpida bondholders last month opposed a plan by U.S.-based Micron to acquire the bankrupt chipmaker for $750 million, arguing that it undervalues the company's assets. Elpida, Japan's last remaining player in the dynamic random access memory (DRAM) market, filed for bankruptcy protection in February. The bond holders group, which has not identified its members, believed Elpida was worth 300 billion, the source said. Micron had agreed to acquire Elpida equity for 60 billion yen and pay creditors a total of 140 billion yen in annual instalments until 2019. The group believed that Elpida could restructure itself on its own, but it will seek an alternative financial sponsor who would be willing to inject cash, the source said. ($1 = 78.3200 Japanese yen) (Reporting by Junko Fujita; Additoinal reporting by Mari Saito; Editing by Edmund Klamann and Richard Pullin) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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