"Infineon is suggesting taking management control rather than buying part of the company" - what kind of bullshit is this?!
Hynix Shares Rise on Report Infineon Wants Management Control
By Ian King
Seoul, Feb. 1 (Bloomberg) -- Hynix Semiconductor Inc. shares rose as much as 5.7 percent in early trading on a Korea Economic Daily report that Infineon Technologies AG, the fourth-largest memory-chip maker, wants management control of its larger rival.
Hynix shares recently traded up 5.3 percent at 2570 won.
The German company's chief executive officer, Ulrich Schumacher, is in Korea, where he's talking to Hynix executives about an alliance, the report said, citing an unidentified official of the Hynix restructuring committee. Schumacher will meet Hynix Chief Executive Park Chong Sup and officials from the Korean company's creditors before leaving Korea tomorrow.
Infineon is suggesting taking management control rather than buying part of the company, like Micron Technology Inc., which wants to buy part of Hynix, the report said.
Yesterday, Infineon said it is talking to a number of rivals about technology cooperation but is not interested in buying them.
(from DRAM Exchange) |
