Infineon raises £1.4 billion to help fund Cypress deal
Share:
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, above an initial guidance by the bookrunner but 4.6% lower than the 14.36 euros Infineon shares closed at on Monday - a relatively small discount for a transaction of this size.The German chipmaker said in a statement that the offering of..