The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said...
Electronics
U.S. officials ask Trump to block Infineon’s Cypress deal: Bloomberg News
U.S. national security officials have recommended that President Donald Trump block German chipmaker Infineon Technologies AG’s proposed $10 billion deal to buy Cypress Semiconductor Corp as it poses a security risk...
HP eyes $16 billion share buyback to parry Xerox bid
HP Inc. announced it will return $16 billion to shareholders in the form of buybacks, and boost cost cuts, trying to rally investors against Xerox Holdings Corp. for control of the world’s second-largest personal...
HP adopts poison pill after Xerox’s buyout attempts
HP Inc said on Thursday it would implement a poison pill plan, a move that comes after Xerox Holdings Corp pushed ahead with its efforts to acquire the PC maker. Xerox recently raised its offer earlier this month by $2...
Creditors to Videocon Group likely to appeal against insolvency tribunal’s order
Lenders to Videocon Group may appeal the National Company Law Tribunal (NCLT) order passed on 12 February which said that the company’s foreign assets should be included as part of ongoing insolvency proceedings in...
Include Videocon foreign arms in insolvency process: NCLT
The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon’s oil businesses in Brazil and Indonesia as part of insolvency proceedings being conducted in India, according to two people aware of the...
HP takeover drama continues as Xerox sweetens offer to about $36 billion
Xerox said Monday it was raising its offer for computer and printer maker HP to some $36 billion as part of an effort to win over shareholders amid a heightened battle for control of the Silicon Valley firm. The new...
Apollo Micro Systems to acquire majority stake in ASIP RF
Through the proposed acquisition, the company aims to expand the business towards new technologies by establishing a radio frequency (RF) and microwave design-cum-production facility along with the integration facility...
Apple supplier Japan Display gets $920 million bailout from Ichigo
Japan Display Inc said on Friday it had sealed a deal to receive up to 100.8 billion yen ($918.87 million) from Ichigo Asset Management, a critical bailout for the Apple supplier that has been dependant on publicly...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
Xerox seeks control of HP Board
Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter. The iconic printer maker...
Fujitsu General ends JV structure in India for direct operation, enter new AC segments
Japan-based Fujitsu General, a leading manufacturer of air conditioners and other technology products, prepares for a new growth trajectory in its Indian air-conditioner business with joint venture realignment and entry...
