Infineon Says Cypress Semiconductor Acquisition Has Received All Regulatory Approvals
April 07 2020 - 5:25AM
Dow Jones News
By Mauro Orru
Infineon Technologies AG said Tuesday that it has received all
regulatory approvals for the acquisition of Cypress Semiconductor
Corp.
The German chip maker said it expects the transaction to close
in five business days, and that it would be initially funded
through cash as well as an acquisition financing facility
syndicated among 20 banks.
Infineon said it expects to use 2.7 billion euros ($2.91
billion) from a share placement and the issuance of a hybrid bond
in 2019.
Infineon signed a definitive agreement to acquire Cypress in
June 2019.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 07, 2020 05:10 ET (09:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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