Transatlantic $10 bln chip deal does not compute LiamWardProud
Infineon Technologies said on June 3 it had agreed to buy U.S. microchip peer Cypress Semiconductor for 9 billion euros including debt.
The German buyer said its cash offer of $23.85 per share was 46% above Cypress' volume-weighted average price between April 15 and May 28, the last trading day before reports of a potential sale. Infineon intends to finance about 30% of the total transaction value with equity and the remainder with debt and existing cash. Infineon expects to keep its investment grade credit rating after the deal, Chief Financial Officer Sven Schneider said.
The deal will lead to cost savings of 180 million euros per year by 2022 and revenue synergies of more than 1.5 billion euros in the long term, Infineon said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Infineon revs up auto business with $10 billion Cypress dealGermany's Infineon has agreed to buy Silicon Valley-based Cypress Semicondu...
Weiterlesen »
Infineon digs deep to buy Cypress in $10 billion dealInfineon has agreed to buy Cypress Semiconductors in a deal that values the U.S....
Weiterlesen »
27 Things From Walmart That’ll Make You Say, “That’s Under $10?”Less than $10? *ears immediately perk up*
Weiterlesen »
Infineon digs deep to buy Cypress in $10 billion dealInfineon has agreed to buy Cypress Semiconductors in a deal that values the U.S....
Weiterlesen »
Infineon revs up auto business with $10 billion Cypress dealGermany's Infineon has agreed to buy Silicon Valley-based Cypress Semicondu...
Weiterlesen »
Trade war heats up; Chip deal; Apple eventToday’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Weiterlesen »
27 Things From Walmart That’ll Make You Say, “That’s Under $10?”Less than $10? *ears immediately perk up*
Weiterlesen »
Silicon Valley in Switzerland: Bilderberg 2019 and the High-Tech Future of Transatlantic Power | OpinionA slew of Silicon Valley luminaries are attending the elite Bilderberg conference at a heavily guarded five-star hotel on the shores of Lake Geneva.
Weiterlesen »
PM candidate Hancock says no-deal Brexit is not an option - FTMatt Hancock, one of the Conservative candidates vying for Prime Minister Theres...
Weiterlesen »
Accused ringleader in homeless GoFundMe scam rejects deal, pleads not guiltyA man charged with scamming GoFundMe donors out of more than $400,000 with a fake feel-good story about a homeless veteran has pleaded not guilty.
Weiterlesen »