Aixtron SE (AIXG.O)
FRANKFURT China's Fujian Grand Chip Investment Fund has dropped its takeover bid for chip equipment maker Aixtron after the United States blocked the deal on security grounds, throwing the German company's future into doubt.
BEIJING/FRANKFURT The sale of Aixtron to Chinese investors could go ahead under new terms if the German semiconductor equipment maker sells its Silicon Valley division separately to get around U.S. objections, analysts said Monday.
FRANKFURT German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday.
FRANKFURT/WASHINGTON President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday.
FRANKFURT Aixtron will have to take action to balance income and costs, including potential job cuts, if U.S. President Barack Obama blocks its takeover by China's Fujian Grand Chip Investment Fund (FGC).
Aixtron SE's takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny.
BERLIN Germany's Economy Ministry declined to comment on Friday on a report that U.S. President Barack Obama was poised to block the sale of chip maker Aixtron to a Chinese firm and said its own independent review is ongoing.
Nov 21 The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday:
FRANKFURT/BERLIN Concerns over China gaining access to the secrets of producing a little known material used in military equipment appear to be behind the U.S. block on a 670 million-euro ($713 million) Chinese bid for German chip equipment maker Aixtron .
* Aixtron shares down 6.6 pct after hitting 6-month low (Recasts and writes through, adds experts on gallium nitride, updates shares)
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