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Cree Reports Financial Results for the Third Quarter of Fiscal Year 2017
April 25, 2017 4:02 PM EDTDURHAM, N.C.--(BUSINESS WIRE)-- Cree, Inc. (Nasdaq: CREE) today announced financial results for its third quarter of fiscal 2017, ended March 26, 2017, which results include the Companys Wolfspeed segment being reported as part of the Companys continuing operations. While the sale of Wolfspeed to Infineon Technologies AG (Infineon) was targeted to close during the quarter, the agreement was formally terminated on March 6, 2017 because the Committee on Foreign Investment in the United States (CFIUS) determined that the transaction could not be approved due to national security concerns. As a result, the Companys third fiscal... More
