Infineon Technologies AG : The acquisition of Cypress by Infineon makes strategic sense, but the market is clearly not to ready to give credit just yet
>Acquisition of Cypress for an enterprise value of € 9bn, a potentially highly accretive deal but which raises the level of debt - Yesterday, Infineon and Cypress Semiconductors announced the signature of a definitive agreement via which Infineon will acquire Cypress for $ 23.85 per share in cash, representing a premium of 46% vs the average share price of the past 30 days, i.e. enterprise value of € 9.0bn. The deal values Cypress at 4.5x 2019e EV/sales and 18x 2019e ...Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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