Cypress Semiconductor Corp (CY.O)
16 Aug 2019
FRANKFURT German chipmaker Infineon expects to meet its lowered guidance for the year to Sept. 30, it said on Thursday after posting third-quarter sales and profit in line with market expectations.
* Says $10 bln Cypress deal on track (Adds context on Cypress deal)
FRANKFURT, Aug 1 German chipmaker Infineon said on Thursday it expected to meet its thrice-lowered guidance for the business year to Sept. 30 as it reported fiscal third-quarter sales and profit that were in line with market expectations.
FRANKFURT Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday.
* Funds to be used to pay for Cypress Semi deal (Adds final price of placement, shares)
FRANKFURT, June 17 Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor.
LONDON Banks including Morgan Stanley and JP Morgan are set for a $95 million windfall, their most lucrative payday so far this year for a deal involving a European company, after Infineon's swoop on Cypress Semiconductor.
LONDON, June 3 Banks including Morgan Stanley and JP Morgan are set for a $95 million windfall, their most lucrative payday so far this year for a deal involving a European company, after Infineon's swoop on Cypress Semiconductor.
European shares recovered from early losses to end Monday higher as gains in healthcare stocks helped head off weakness in trade-sensitive sectors like technology after the latest twist in the U.S.-China trade war.
* Infineon clocks over 2-1/2 year closing low on Cypress deal