Infineon raises $1.7 billion to help fund Cypress deal

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Infineon raises $1.7 billion to help fund Cypress deal
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Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerat...

FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner/File Photo

Shares were placed at 13.70 euros apiece, above an initial guidance by the bookrunner but 4.6% lower than the 14.36 euros Infineon shares closed at on Monday - a relatively small discount for a transaction of this size.

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