+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Price lowered on Infineon fibre optic sale

Infineon Technologies and Finisar have agreed to reduce the number of shares needed for Finisar is to acquire Infineon's Fibre Optics business unit based in Berlin, Germany. The terms were modified in part due to the operating results for the business unit during the past six months.
Infineon Technologies and Finisar have agreed to reduce the number of shares needed for Finisar is to acquire Infineon's Fibre Optics business unit based in Berlin, Germany. The terms were modified in part due to the operating results for the business unit during the past six months.

Under the terms of the modified agreement, Finisar will issue approximately 110min shares of Finisar common stock to Infineon compared to 135mn shares that would have been issuable under the original agreement. Following the transaction, Infineon will hold a 33% equity interest in Finisar. In addition, Infineon has agreed to provide financial assistance with respect to the costs of restructuring and integrating the operations into Finisar. The transfer includes some 1200 employees.

The transaction is subject to approval by Finisar's shareholders, applicable regulatory approvals and other customary closing conditions. The companies have already received the required antitrust clearances in the USA and Europe. The transaction is now expected to close in Q4 2004.

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: