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Rumor: ST to bid for Infineon

Posted: 15 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Infineon buyout? acquisition? ST bid?

Rumors circulated early this week that STMicroelectronics (ST) may acquire Germany-based Infineon Technologies AG, according to a Reuters report.

The report cited traders talk that claim ST may bid about $17 per share for Infineon. Infineon's shares rose 3.8 percent to $15 on Aug 13, based on the rumors.

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