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IFX - Infineon Technologies AG News Story

€31.62 1.0  3.3%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1053

Germany's Infineon close to acquire Cypress Semiconductor - Bloomberg

Mon 3rd June, 2019 3:49am
June 2 (Reuters) - German chipmaker Infineon Technologies AG
 IFXGn.DE  is nearing a deal to buy Cypress Semiconductor Corp
 CY.O , valuing the U.S. chipmaker at almost $10 billion,
Bloomberg reported https://www.bloomberg.com/news/articles/2019-06-03/infineon-is-said-to-near-deal-to-acquire-cypress-semiconductor
 on Sunday.
    Infineon will pay between $23-$24 a share for Cypress
Semiconductor, Bloomberg reported, citing two people familiar
with the matter. 
    The offer is at a premium of about 50% from when Bloomberg
reported last week that Cypress Semiconductor was exploring
options after receiving takeover interest.  urn:newsml:reuters.com:*:nL4N2353QK
    Both Infineon and Cypress Semiconductor were not immediately
available to comment. 

 (Reporting by Rishika Chatterjee in Bengaluru; Editing by
Rashmi Aich)
 ((Rishika.Chatterjee@thomsonreuters.com ; within U.S. +1 646
223 8780, outside U.S. +91 99 7277 8938; Reuters Messaging:
rishika.chatterjee.thomsonreuters.com@reuters.net))
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