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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Infineon Technologies AG (QX) | USOTC:IFNNY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.18% | 34.01 | 34.00 | 34.05 | 34.50 | 33.905 | 34.31 | 150,746 | 21:00:05 |
From May 2019 to May 2024
By Mauro Orru
Infineon Technologies AG said Tuesday that it has received all regulatory approvals for the acquisition of Cypress Semiconductor Corp.
The German chip maker said it expects the transaction to close in five business days, and that it would be initially funded through cash as well as an acquisition financing facility syndicated among 20 banks.
Infineon said it expects to use 2.7 billion euros ($2.91 billion) from a share placement and the issuance of a hybrid bond in 2019.
Infineon signed a definitive agreement to acquire Cypress in June 2019.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 07, 2020 05:10 ET (09:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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