• Most Popular
  • Most Shared

Infineon shares rise on talk of STM bid -traders

Mon Aug 13, 2007 11:16am EDT

Stocks

   

FRANKFURT, Aug 13 (Reuters) - Shares of Infineon (IFXGn.DE) rose on Monday as traders cited talk that STMicroelectronics (STM.PA) planned to bid 12.50 euros per share for the German chipmaker.

"There's talk that STM may bid 12.50 euros per share for Infineon, but I'm not so sure there's anything in it," said one trader.

Infineon declined to comment.

Shares of Infineon were up 3.8 percent at 11.17 euros by 1526 GMT, outperforming a 1.8 percent gain in the German DAX index of leading shares .GDAXI. STM shares were 0.4 percent higher, paring earlier gains.

((Reporting by Sitaraman Shankar and Catherine Hornby, + 49 69 7565 1263, catherine.hornby.reuters.com@reuters.net)) Keywords: INFINEON STM/BID

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWEB6325


More from Reuters

Photo

Obama blames "systemic failures" for plane attack

KANEOHE, Hawaii (Reuters) - President Barack Obama on Tuesday blamed "human and systemic failures" for allowing a botched Christmas Day attack aboard a Detroit-bound airliner and a U.S. official said the incident was linked to al Qaeda. | Video

» More Top News
A man passes by a logo of the Tokyo Stock Exchange at the bourse in Tokyo December 29, 2009. REUTERS/Yuriko Nakao

Tokyo trade gets turbocharged

The "Arrowhead" gives Asia's largest -- and long derided -- bourse a viable electronic trading platform, it hopes.  Full Article 

Global Markets
REUTERS/James Saft
JAMES SAFT:

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary 

COMMENTARY