• Most Popular
  • Most Shared

Infineon to give Apollo up to 29 pct in capital hike

Thu Jul 9, 2009 4:03pm EDT

Stocks

   

FRANKFURT, July 9 (Reuters) - Infineon (IFXGn.DE) plans a 700 million euro ($974.3 million) capital increase that could see buyout firm Apollo take a stake in the German chipmaker of up to 29 percent, a German paper reported on Thursday.

Apollo [APOLO.UL] has agreed to buy all remaining shares in a planned rights issue that are not picked up by existing shareholders, Financial Times Deutschland (FTD) reported in an excerpt of an article to be published on Friday, citing unspecified sources.

The capital increase has been approved by Infineon's supervisory board, the paper added.

Apollo aims to obtain a stake in the chipmaker of at least 15 percent, FTD said.

Infineon declined to comment when contacted by Reuters (Reporting by Ludwig Burger)



More from Reuters

Photo

U.S. pay czar Feinberg OKs compensation at some bailout firms

WASHINGTON (Reuters) - U.S. pay czar Kenneth Feinberg on Wednesday approved compensation plans for several executives and top-paid employees at three firms that have received taxpayer aid.

» More Top News
A man dressed as talks on a telephone during his visit at the Benjamin Bloom National Children Hospital in San Salvador December 17, 2009.

Making the call on stocks

Looking for something special to put under your favorite investor's tree? These shares may provide the best upside surprise.  Full Article 

Healthcare reform
A customer orders food at the newly opened Island Salad restaurant in Harlem in New York December 16, 2009. REUTERS/Finbarr O'Reilly

Food fight in Harlem

In a neighborhood where hamburgers and tacos reign supreme, one entrepreneur is waging war on obesity -- one salad at a time.  Full Article 

Lifestyle