Key Developments: Infineon Technologies AG (IFXGn.DE)

IFXGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Infineon Technologies AG raises FY 2015 outlook
Tuesday, 5 May 2015 01:30am EDT 

Infineon Technologies AG:Now expects FY 2015 revenues to rise 34-38 pct, with core operating margin of 15 pct at mid-point of sales forecast.Previous outlook was for FY 2015 revenues to rise 10-14 pct and core operating margin of 14-15 pct at mid-point of sales forecast.FY 2015 revenue 5,559 million euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies AG acquires outstanding shares of joint venture LS Power Semitech Co., Ltd.
Sunday, 3 May 2015 08:00pm EDT 

Infineon Technologies AG:Has purchased all outstanding shares of LS Power Semitech Co., Ltd., a company established in 2009 as joint-venture of Infineon and LS Industrial Systems in Korea.  Full Article

Infineon Technologies AG launches two eurobonds with 800 million euros total
Thursday, 26 Feb 2015 07:00pm EST 

Infineon Technologies AG:Launches two eurobonds with total of 800 million euros ($897 million).Short-term loan of 300 million euros with maturity of three and half years and coupon of 1.00 pct.Long-term bond over 500 million euros with maturity of seven years and coupon of 1.50 pct.  Full Article

Infineon Technologies AG gives Q2 2015 outlook in line with analysts' estimates and comments on full FY 2015 outlook
Wednesday, 28 Jan 2015 07:00pm EST 

Infineon Technologies AG:Outlook Q2 FY 2015 (excluding International Rectifier): Revenue increase compared with previous quarter of between 5 and 9 pct and Segment Result Margin of between 12 and 13 pct expected.Outlook FY 2015 (excluding International Rectifier): Based on assumed exchange rate of $1.20 to euro, revenue growth compared with previous year of 12 pct, plus or minus 2 percentage points, and at mid-point of that range Segment Result Margin of between 14 and 15 pct expected.Q1 FY 2015: Revenue of 1,128 million euros.Q2 2015 revenue estimate 1,232 million euros - Thomson Reuters I/B/E/S.FY 2014 reported revenue 4,320 million euros.  Full Article

Infineon Technologies AG closes acquisition of International Rectifier
Tuesday, 13 Jan 2015 11:18am EST 

Infineon Technologies AG:Closes acquisition of International Rectifier.With effect from Jan. 13, the El Segundo based company has become part of Infineon following the approval of all necessary regulatory authorities and International Rectifier's shareholders.  Full Article

International Rectifier announces expected closing of Transaction with Infineon Technologies AG
Wednesday, 7 Jan 2015 04:30pm EST 

International Rectifier:Expects closing of its pending merger with Infineon Technologies AG to occur on Jan. 13.All necessary regulatory approvals for the transaction have been obtained.Transaction remains subject to the satisfaction or waiver of other customary closing conditions contained in the merger agreement, and there is no assurance that the closing will occur on Jan. 13.  Full Article

Infineon Technologies AG gives Q1 2015 and FY 2015 outlook in line with analysts' estimates and proposes dividend
Thursday, 27 Nov 2014 01:30am EST 

Infineon Technologies AG:Sees fiscal Q1 2015 revenue down 5-9 pct, operating margin of 10-13 pct.Sees FY 2015 revenue up 8 pct, plus or minus 2 pct points.Proposes dividend of 0.18 euros per share.Q4 2014 reported revenue 1.175 billion euros.Q1 2015 revenue estimate 1.065 billion euros - Thomson Reuters I/B/E/S.FY 2014 reported revenue 4.320 billion euros.FY 2015 revenue estimate 4.606 billion euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies acquires 9.4 percent stake in Schweizer Electronic
Wednesday, 26 Nov 2014 03:00am EST 

Schweizer Electronic AG:Says Infineon Technologies and Schweizer Electronic agreed to establish a strategic partnership in order to develop common market for chip embedding solutions.Says Infineon Technologies acquired 9.4 pct stake in Schweizer Electronic.  Full Article

Infineon Technologies AG secures 1.55 billion euro credit for takeover
Sunday, 12 Oct 2014 08:00pm EDT 

Infineon Technologies AG:Says secures credit facility worth 1.55 billion euros for purchase of International Rectifier.Says financing, which was underwritten by coordinating banks Bank of America Merrill Lynch International and Citibank, comprises an 800 million euro bridge loan for up to two years and a $934 million, five-year term loan.  Full Article

Infineon Technologies AG to acquire International Rectifier Corporation for $40 per share, about $3 bln in cash
Wednesday, 20 Aug 2014 12:06pm EDT 

Infineon Technologies AG and International Rectifier Corporation:Announce that they have signed a definitive agreement under which Infineon will acquire International Rectifier for $40 per share in an all-cash transaction valued at about $3 billion.Transaction is expected to close late in the calendar year 2014 or early in the calendar year 2015.Under the terms and conditions of the agreement, Infineon will pay $40 per share in cash for all of International Rectifier's outstanding shares, representing a fully diluted enterprise value of about $2.4 billion.Infineon will fund the transaction using cash-on-hand and fully underwritten credit facilities of 1.5 billion euros in total.Says 1.5 billion euros of credit facilities for Infineon have been fully underwritten by Bank of America Merrill Lynch International Limited and Citigroup Global Markets Limited, who are also acting as financial advisors to Infineon.JPMorgan is acting as exclusive financial advisor to International Rectifier.Kirkland & Ellis and Freshfields Bruckhaus Deringer are acting as counsel for Infineon whilst Fried, Frank, Harris, Shriver & Jacobson is acting as counsel for International Rectifier.  Full Article

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