BRIEF-Infineon Technologies Enters Agreement To Buy Marvell Technology’s Automotive Ethernet Business

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Marvell Technology Group Ltd. MRVL	84.42	-5.60%
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April 7 (Reuters) - Infineon Technologies AG IFXGn.DE:

EQS-ADHOC: INFINEON TECHNOLOGIES AG: INFINEON TECHNOLOGIES AG ENTERS AGREEMENT TO BUY MARVELL TECHNOLOGY’S AUTOMOTIVE ETHERNET BUSINESS
INFINEON TECHNOLOGIES AG - DEAL VALUED AT $2.5 BILLION IN CASH
INFINEON TECHNOLOGIES AG - BUSINESS EXPECTED TO GENERATE $225-$250 MILLION REVENUE IN 2025
INFINEON TECHNOLOGIES AG - TO USE EXISTING LIQUIDITY AND INCUR ADDITIONAL DEBT FOR ACQUISITION
INFINEON TECHNOLOGIES AG - TRANSACTION EXPECTED TO CLOSE WITHIN 2025 PENDING REGULATORY APPROVALS

Source text: ID:nEQ3cqjSka

Further company coverage: [IFXGn.DE]

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