Infineon Technologies AG (IFXGn.DE)
New York The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of U.S. government antitrust regulators. | Video
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
* U.S. manufacturing activity grows at slowest in 2-1/2 years
FRANKFURT Germany's Infineon has agreed to buy Silicon Valley-based Cypress Semiconductor for $10 billion, in an expensive move by Europe's largest chip-maker to expand further in next-generation automobiles and Internet technologies. | Video
* Infineon shares fall 9% on concerns over price (Recasts with colour on alliance, adds recent deal context)
June 3 The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
* Futures down: Dow 0.08%, S&P 0.09%, Nasdaq 0.27% (Adds quote, details; Updates prices)