Infineon launches open at Cypress-Takeover resistance from the US regulator output

employees of the regulatory authority, CFIUS would have warned US President Donald Trump in front of it, to approve the multi-billion dollar acquisition, as rep

Infineon launches open at Cypress-Takeover resistance from the US regulator output

employees of the regulatory authority, CFIUS would have warned US President Donald Trump in front of it, to approve the multi-billion dollar acquisition, as reported by the Bloomberg news Agency late on Thursday evening, referring to persons familiar with the issue. Reason, be sure that the Deal is a danger to the national security of the United States could be. Infineon would not comment on demand. What is the risk to national security should, according to the report, is not known.

in The capital market, the news didn't go down well. In the early noon trade, the Infineon share price was 4.5 per cent lower at 17,02 euros. Since the beginning of the year, she has already lost around 14 percent, also due to the Coronavirus to Worry about. In the longer term, it looks significantly better: In the past five years, an increase of almost two-thirds of stands for the share certificates. Infineon 17,21 EUR -0,62 (-3,48%) Xetra

  • 1 day
  • 6 months
course data

Infineon CEO Reinhard Ploss had in the past few months, always demonstratively confident shown with a volume of 9 billion euros, the biggest Takeover will succeed in the history of the group and this time nothing goes wrong. However, Ploss had to admit just a few weeks ago that the goal of enforcement will be longer than I first thought take. Infineon originally assumed that the missing approval of the competition authorities should be done by the end of 2019 or early 2020, it was expected, the group last so that the transaction can be reported towards the end of the second or beginning of the third quarter.

EU authorities have approved the Acquisition already, so far no decision from the U.S.

While the EU had already announced last autumn, the green light, makes a corresponding Signal from the US have to wait. At the beginning of February had Ploss pointed out that the talks with the US authorities, but also with the Chinese authorities were good and constructive. "We are making progress", stressed the Chairman of the Board at that time. However, Munich have made already bad experiences: as early as 2017, the Dax had tried to group to take on the US semi-conductor specialists, wolf speed, it was failed but the Veto of the authorities.

The US government had tightened up some time ago, the Review of Acquisitions of US companies by foreign companies, especially in technology companies. Acquisitions are considered especially critical, if you were to open up Chinese buyers the opportunity to get to American high technology. The Chinese market is for Infineon to be of high importance. There, the semiconductor specialist, achieved a considerable part of his revenue.

stock traders: Fails of the Cypress Deal, could Infineon become a takeover candidate

referred to the A stock traders with a view to the possible Failure of the Cypress-Deals that Infineon could be then again a takeover candidate. The bad news, the stock hit in a for the global chip industry is already very difficult time.

The Dax-group Neubiberg, near Munich, to feeling the weakness of the auto industry and the slowing global economy, will actually rise with the Cypress Acquisition in the Top Ten semiconductor manufacturers in the world. In the case of Chips for the automotive industry Ploss, Infineon sees through the acquisition even as a future number one. Through the acquisition, Infineon wants to get a much stronger foothold in the United States and also has high hopes on the "Connectivity"components of Cypress electronic components for networked devices and machines communicate with each other.

recently, in Munich, on the stage of the previous annual General meeting had shown Infineon shareholders, however, skeptical of the Cypress Acquisition. Among other things, shareholders had criticized the "high price" and the Acquisition as a "risky bet" means.

Also interesting: PUSH - Over 300 points lost - wallet panic subsides: the Dax falls again low With the stock recommendations of the Bernecker exchange-compass, you can get more out of your money! (Partner activity) 30 days free to try! Stock market expert: Now is the time for countercyclical Investing FOCUS Online stock market expert: Now is the time for anti-cyclical investments

hyo/dpa
Date Of Update: 06 March 2020, 12:00
NEXT NEWS