Infineon cash flow covering International Rectifier integration

FRANKFURT Wed Aug 20, 2014 2:12pm EDT

Related Topics

FRANKFURT (Reuters) - German chipmaker Infineon said its cash flow would cover the costs to integrate International Rectifier, the U.S. chipmaker it is buying.

"We expect that the free cash flow that comes with the transaction will immediately cover the restructuring costs. So it's not like we will go through a black hole of cash drain," finance chief Dominik Asam told journalists during a conference call on Wednesday.

Merger-shy Infineon earlier said it had agreed to buy International Rectifier for about $3 billion in cash in its biggest-ever acquisition.

(Reporting by Maria Sheahan; Editing by Victoria Bryan)

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article