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Infineon to buy back up to 300 mln euros of own shares
November 19, 2013 / 11:30 AM / 4 years ago

Infineon to buy back up to 300 mln euros of own shares

FRANKFURT, Nov 19 (Reuters) - German chipmaker Infineon said on Tuesday it planned to buy back own shares worth up to 300 million euros ($406 million) by the end of September 2015 to return cash to shareholders.

At current prices, that would mean a buyback of up to about 42 million shares or 4 percent of Infineon’s share capital.

It said it may also repurchase further portions of its outstanding convertible bonds.

$1 = 0.7394 euros Reporting by Maria Sheahan

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