Infineon cypress deal closing

Infineon has announced that it is acquiring Cypress for $10.B. It expects to strengthen its position and growth in IoT, industrial and automotive with the companies' complementary portfolios.

Jun 03, 2019 · Infineon Technologies AG agreed to buy Cypress Semiconductor Corp. for about $8.7 billion in cash, the latest mega-deal for an industry grappling with slowing growth. The $23.85 a share offer is a 34% premium to Cypress’s Friday close, and is 50% above the price the stock was trading at on May 29, when
A closing coordinator is also responsible for scheduling the closing with all parties. In some cases, this might require coordinating with more than half a dozen people. Closing coordinators also notify the parties of any missing documents, insurance or other issues that must be dealt with before the closing can be finalized.

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Infineon Technologies AG is a German semiconductor manufacturer founded in 1999, when the semiconductor operations of the parent company Siemens AG were spun off. Infineon has about 41,000 employees. In fiscal year 2019, the company achieved sales of €8.0 billion.

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Infineon cypress deal closing

Jun 18, 2019 · FRANKFURT (Reuters) - Infineon Technologies raised 1.545 billion euros (£1.4 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday. Shares were placed at 13.70 euros apiece,...

Infineon intends to acquire Cypress for a cash price of USD 23.85 per share, corresponding to an enterprise value of EUR9 billion. "The planned acquisition of Cypress is a landmark step in Infineon's strategic development. With this transaction, Infineon is entering a new dimension," commented Dr. Reinhard Ploss, CEO of Infineon. "The Infineon ...
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Jun 03, 2019 · Cypress expects to continue its quarterly cash dividend payments until the transaction closes. This includes Cypress’ previously announced quarterly cash dividend of US$0.11 per share, payable on July 18, 2019 to holders of record of Cypress’ common stock at the close of business on June 27, 2019. Learn more at www.infineon.com or www.cypress.com.

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