|Bid||16.93 x 400000|
|Ask||16.94 x 400000|
|Day's Range||16.80 - 17.25|
|52 Week Range||13.46 - 21.56|
|Beta (3Y Monthly)||1.32|
|PE Ratio (TTM)||22.42|
|Forward Dividend & Yield||0.27 (1.57%)|
|1y Target Est||N/A|
This post is from Benzinga's Partner Content team More than 4 billion shares—or $7.7 billion—exchanged hands on the OTCQX Best Market and OTCQB Venture Market in July. These were the most active individual ...
German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations. Munich-based Infineon, which in June agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, confirmed the deal was on track to close either towards the end of this calendar year or in early 2020. "Regardless of the ongoing unfavourable macroeconomic conditions, we still expect to achieve our targets for the current fiscal year," said CEO Reinhard Ploss.
Infineon Technologies IFNNY / IFX is a leading broad-based European chipmaker with nice exposure to secular growth drivers in the industrial and automotive chip sectors. Looking at the automotive chip market, vehicles with advanced powertrain technology and safety systems require a variety of sensors and power management chips supplied by companies like Infineon. Similarly, the company's exposure to power management circuits positions it to benefit from trends in the electronics industry toward power conservation, not only in more efficient devices like industrial drives, but also in green energy solutions like solar panels.
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.
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
Adding the California chipmaker to its portfolio is all about preparing for the growth of electric vehicles and other connected things.
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.