Key Developments: Infineon Technologies AG (IFXGn.DE)

IFXGn.DE on Xetra

8.44EUR
15 Aug 2014
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Latest Key Developments (Source: Significant Developments)

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

Infineon Technologies AG issues Q4 2014 revenue outlook in line with analysts' estimates
Wednesday, 30 Jul 2014 01:30am EDT 

Infineon Technologies AG:Expects further growth in Q4 2014 with increase in revenue between 3 and 7 pct compared to previous quarter.Q3 2014 revenue of 1.110 billion euros.Q4 2014 revenue estimate 1.154 billion euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies AG issues Q3 2014 revenue outlook in line with analysts' estimates
Monday, 28 Apr 2014 08:00pm EDT 

Infineon Technologies AG:Expects Q3 2014 revenue to increase between 4 and 8 pct.Q2 2014 revenue of 1,051 million euros.Q3 2014 revenue estimate 1,099 million euros - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies AG issues Q2 2014 outlook and sustains full FY 2014 guidance
Thursday, 30 Jan 2014 01:30am EST 

Infineon Technologies AG:Forecasts Q2 2014 revenue to rise by a mid single digit pct, primarily as a result of higher revenue in the Automotive (ATV) and Chip Card & Security (CCS) segments.Q1 2014 revenue of 984.00 million euro.Q2 2014 revenue of 1,033 million euro - Thomson Reuters I/B/E/S.Continues to forecast an increase in revenue of between 7 and 11 pct for FY 2014 compared to the previous year.FY 2013 revenue of 3,843 million euro.FY 2014 revenue of 4,231 million euro - Thomson Reuters I/B/E/S.  Full Article

Infineon Technologies AG To Propose FY 2013 Dividend
Tuesday, 12 Nov 2013 01:30am EST 

Infineon Technologies AG announced that the Management Board will propose the payment of an unchanged dividend of EUR 0.12 per share for the 2013 fiscal year. This proposal is based on a policy of offering an appropriate participation in growing earnings via the dividend to shareholders.  Full Article

Advanced Semiconductor Engineering Inc Announces Joint Development and Production Collaboration with Infineon Technologies AG for Assembly of Automotive Products
Thursday, 7 Nov 2013 05:12pm EST 

Advanced Semiconductor Engineering Inc announced a joint development and production agreement for assembly services of automotive products with Infineon Technologies AG. The collaboration will focus on enabling copper wire bonding for QFP packages in automotive microcontrollers and manufacturing.  Full Article

Infineon Technologies AG Issues Q4 FY 2013 Revenue Guidance In Line with Analysts' Estimates
Tuesday, 30 Jul 2013 01:30am EDT 

Infineon Technologies AG announced that it forecasts that fourth quarter (Q4) of the fiscal year 2013 revenue will increase to approximately EUR 1.05 billion. According to I/B/E/S Estimates analysts on average are expecting the Company to report Q$ of the fiscal year 2013 revenue of EUR 1.11 billion.  Full Article

Infineon Technologies AG Settles Patent Infringement Row With Atmel Corp-Reuters
Friday, 14 Jun 2013 04:15am EDT 

Reuters reported that Infineon Technologies AG said it has settled a patent infringement claim against Atmel Corp, ending a legal dispute that has been ongoing for more than two years. As part of the settlement, Atmel will pay Infineon an undisclosed sum, Infineon sad in a statement. Infineon initiated proceedings against Atmel in April 2011, filing a complaint against the Company in the U.S. District Court for the District of Delaware. The patents in the suit and countersuit are related to microcontrollers.  Full Article

Infineon Technologies AG Comments on FY 2013 Q2 and Q3 Revenue Outlook and FY 2013 Revenue Guidance
Thursday, 2 May 2013 01:30am EDT 

Infineon Technologies AG announced that it expects revenue of EUR 918 million in the second quarter (Q2) of the fiscal year 2013 and of approximately EUR 1 billion in the third quarter (Q3) of the fiscal year 2013. Overall outlook of the fiscal year 2013 revenue is expected to be at the upper end of the mid-to-high single digit percentage range.  Full Article

Infineon Technologies AG Issues Q2 FY 2013 Revenue Guidance
Thursday, 31 Jan 2013 01:31am EST 

Infineon Technologies AG announced that for the second quarter of the fiscal year 2013 it expects revenue to increase by a mid-single digit, compared to the result from the first quarter of the fiscal year 2013. In the first quarter of the fiscal year 2013 the Company reported revenue of EUR 851 million.  Full Article

Infineon to pay 260 mln euros to settle Qimonda dispute

FRANKFURT, Sept 24 - German chipmaker Infineon will pay 260 million euros($334 million) to settle parts of a long-running legal battle with its former unit Qimonda, Qimonda's insolvency administrator said on Wednesday.

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