|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.82 - 16.93|
|52 Week Range||15.43 - 27.20|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||15.21|
|Forward Dividend & Yield||0.31 (1.83%)|
|1y Target Est||28.20|
Yahoo Finance's Akiko Fujita reports to Julie Hyman and Adam Shapiro on Infineon's agreement to buy U.S. rival Cypress.
Mercury's (MRCY) efforts in the defense systems market are attracting major contractors. Moreover, flow of awards and accolades is also a positive.
● Siltronic led Europe’s semiconductor stocks lower after its third profit warning of 2019, with the wafer maker blaming macro uncertainty and the US-China trade war for a significant drop in orders. Full-year sales would be down between 10 per cent and 15 per cent, rather than a previous target of 5 per cent to 10 per cent lower, Siltronic warned. “Siltronic’s third profit warning this year reflects the limited visibility in the sector.
(Bloomberg) -- Infineon Technologies AG raised about 1.55 billion euros ($1.74 billion) in a capital increase to help finance its acquisition of Cypress Semiconductor Corp.The German chipmaker, which analysts have said may be paying too much for its U.S. rival, sold about 113 million new shares at 13.70 euros each, the company said Tuesday in a statement. The price was about 4.6% below Monday’s closing price of 14.36 euros and the shares fell as much as 6.6% in early trading in Frankfurt to the lowest in almost three years.Infineon is buying San Jose, California-based Cypress -- a memory-chip maker re-positioning itself as a provider to automobiles and other connected devices -- for an enterprise value of 9 billion euros. The combined entity would have sales that would place it among the top 10 chipmakers globally, according to Citibank.Some analysts have questioned the wisdom of the deal. The price is high and cost and revenue synergies will have to be achieved to make the acquisition financially attractive, Warburg said earlier this month in a note.Infineon Chief Executive Officer Reinhard Ploss has argued that the companies are a “perfect fit” because their complementary products create an avenue for faster growth, benefiting employees and shareholders.S&P Global Ratings has put the company on review for a possible ratings downgrade, citing concerns over financing.To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Iain Rogers, Andrew BlackmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday. Infineon said on June 3 it had agreed to buy Silicon Valley-based Cypress for $10 billion, paying a 46% premium to expand into next-generation autos and Internet technologies. "Infineon said it will equity finance about 30% of the ... deal.
Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor. The German chipmaker said in a statement that the offering of new shares, by way of a private placement to institutional investors, would increase its share capital by 10%. Separately, the bookrunner on the deal set price guidance for the placement at 13.66 euros.
Moody's Investors Service ("Moody's") rated NXP B.V.'s ("NXP") new senior unsecured notes ("New Notes") Baa3. NXP plans to use a portion of the net proceeds of the New Notes to refinance at maturity NXP Semiconductors Inc.'s $1.15 billion principal amount of outstanding 2019 Cash Convertible Senior Notes ("Convertible Notes") due December 1, 2019 and $600 million principal amount of outstanding 4.125% Senior Notes due 2020, with remaining proceeds used for general corporate purposes. Given the timing mismatch between the issuance of the New Notes and the refinancing of the Convertible Notes, debt will remain elevated until repayment of the Convertible Notes on December 1st.
NCR's impending purchase of a minority stake in Bradesco's assets within NCR Manaus will complement its efforts to expand foothold in Brazil.
In March 2019, Infineon Technologies AG (ETR:IFX) released its earnings update. Generally, analyst consensus outlook...
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Merger dealInfineon Technologies, which is a Germany-based chipmaker, has formed an acquisition agreement to buy US rival Cypress Semiconductor (CY) for $10
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Cypress’s buyout offerCypress Semiconductor (CY) stock rose close to 24% to $22.07 on Monday, nearing an eight-year high after it received a buyout offer from
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Cypress-Infineon dealUS-based Cypress Semiconductor (CY) has accepted a buyout offer from rival German chipmaker Infineon Technologies, which makes power chips
Cypress Stock Soared 24% on Acquisition Offer from InfineonCypress takeover Cypress Semiconductor (CY) jumped 23.9% on Monday and closed at $22.07 after German chipmaker Infineon Technologies AG agreed to buy the US chipmaker amid global uncertainty
NEW YORK, June 03, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cypress Semiconductor Corporation (NASDAQ: CY) on.
Adding the California chipmaker to its portfolio is all about preparing for the growth of electric vehicles and other connected things.
Cypress’s portfolio of connectivity chips, which bring devices online, looks especially attractive, because the market goes far beyond just computers and phones.
Cypress Semiconductor Corp (CY) is up roughly 25% this morning after news was released of a $9.4 billion deal with Infineon Technology's (IFNNY).
Infineon Technologies on Monday announced an agreement to buy Cypress Semiconductor in a deal worth about $10 billion. The combination will create the No. 1 supplier of automotive chips.
Banks including Morgan Stanley and JP Morgan are set for a $95 million windfall, their most lucrative payday so far this year for a deal involving a European company, after Infineon's swoop on Cypress Semiconductor. The German company's $10 billion deal with Silicon Valley-based Cypress will boost Infineon's presence in next-generation automobiles and Internet technologies, creating an automotive leader with a 13% market share. A pick-up in multi-billion dollar deals in Europe, which began in May with Nestle's $10 billion sale of its skin health unit to buyout fund EQT, will mean a much-needed fee boost for some banks, who are typically paid on a success basis.
European shares recovered from early losses to end Monday higher as gains in healthcare stocks helped head off weakness in trade-sensitive sectors like technology after the latest twist in the U.S.-China trade war. China will reportedly investigate whether FedEx Corp damaged its clients' legal rights and interests after telecoms giant Huawei said parcels intended for it were diverted. "Tensions between the U.S. and China, and the U.S. and Mexico, are still high - the highest they have been recently, so today's move might turn out to be a relief rally," David Madden, market analyst at CMC Markets UK, wrote in a note.
NEW YORK, June 03, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Cypress Semiconductor Corporation.