CFIUS Pending Filing: Infineon Technologies AG and Cree, Inc.

Status:  Pending Filing

Acquirer:  Infineon Technologies AG (Germany)

Acquired:  Cree, Inc. (US)

Value:  US$850 million

Industry:  Semiconductors

As previously covered on this blog, Cree, Inc., reached an agreement to sell its Wolfspeed business to Infineon Technologies AG in July 2016. (See our previous blog post here.)  According to a regulatory filing by Cree, the “parties have submitted their CFIUS filing . . . and expect the statutory CFIUS review period to commence in the near term.”  (See Cree Form 8-K, Nov. 23, 2016, SEC Filing.)  The parties expect the transaction to close in February 2017.

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