Cree Acquires Infineon RF Power Business

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Cree (CREE) Surges Higher on RF Deal

March 6, 2018 11:47 AM EST

Cree (NASDAQ: CREE) pushes to high following earlier RF acquisition. Shares are up 10.5% on volume that is running 5x the norm.

Analysts have talked up the deal.

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Deutsche Bank Positive on Cree (CREE) RF Business Acquisition

March 6, 2018 10:57 AM EST

Deutsche Bank analyst Vishal Shah weighed in on Cree (NASDAQ: CREE) after the company announced that it acquired assets of Infineons RF business for ~345M.

"We believe Infineons RF assets provides Cree increasing access to customers such as Ericsson, Huawei, Nokia... More