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Fly News Breaks for July 15, 2016
CREE, IFNNY
Jul 15, 2016 | 09:32 EDT
After Infineon (IFNNY) agreed to buy Cree's (CREE) Wolfspeed division ,Bernstein says the deal "appears expensive at first." However, the firm, reporting that the unit has double the growth of all of Infineon's divisions, says that the transaction will enable the company "to secure growth for decades to come in power semiconductors." It keeps an Outperform rating on the stock.
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