Infineon Calls Off Sale

Terminates $200M sale of fiber optics unit to Finisar, which had cooled on the deal

January 12, 2005

Infineon Technologies AG (NYSE/Frankfurt: IFX) this morning terminated the $200 million-plus sale of its fiber optics business unit to Finisar Corp. (Nasdaq: FNSR) almost nine months after the original agreement was struck (see Infineon Halts Sale of Fiber Optics).

Infineon says ongoing delays and a lack of support from Finisar's board are to blame...

Get the complete story on Light Reading.

Ray Le Maistre, International News Editor, Light Reading

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Infineon Calls Off Sale

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Infineon Calls Off Sale

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