Infineon to acquire Wolfspeed for US Dollar 850 million in cash
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/22/2026
- Nasdaq hits intraday record high on Alphabet boost, Mideast negotiation hopes
- Exclusive: SB Energy Nasdaq IPO moving forward as planned
- AI and earnings keep driving markets as focus shifts to Trump-Xi summit
- Meta bull case increasingly playing out, Mizuho says
- Oil falls to two-week low as Gulf supply outlook improves
- Pennsylvania measles cases near 800 as outbreak grows
- A timeline of Trump administration moves to weaken endangered species protections
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- SpaceX and Tesla’s AI linkup is getting deeper. Here’s what Morgan Stanley sees
Canaccord Genuity Raises Price Target on Cree (CREE) Following Announced Wolfspeed Sale
July 15, 2016 10:42 AM EDTCanaccord Genuity reiterated a Hold rating on Cree (NASDAQ: CREE), and raised the price target to $24.00 (from $19.00), following the company's announced sale of its Wolfspeed Power & RF segment. Canaccord is incrementally more positive on Cree's financial standing following the announcement of this deal.... More
Cree (CREE) to Sell Wolfspeed to Infineon in $850M Deal
July 14, 2016 7:08 AM EDTCree, Inc. (Nasdaq: CREE), a market leader in LED lighting, today announced execution of a definitive agreement to sell its Wolfspeed Power and RF division (Wolfspeed), which includes the silicon carbide substrate business for power, RF and gemstone applications, to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) for $850 million in cash.
In 2015, the Company announced its strategy to become a more focused LED lighting company. As part of that strategy, the Company also announced the proposed IPO of Wolfspeed to create a more focused Power and RF... More
