Report: ST eyeing Infineon bid

August 13, 2007 – German chipmaker Infineon could be the target of a takeover bid from STMicroelectronics, with a potential price of 12.50 euros/share, about a 16% premium above Friday’s closing price, according to a Reuters report. Infineon shares on the German exchange are up a little more than 3% today.

However, Reuters quoted one unidentified trader expressing doubt about a possible deal, saying “I’m not so sure there’s anything in it.”


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