Infineon Technologies Says Co And Qimonda Insolvency Administrator Reach Settlement To Bring Legal Dispute To An End
Aug 22 (Reuters) -Infineon Technologies AG IFXGn.DE:
EQS-ADHOC: INFINEON TECHNOLOGIES AG: INFINEON TECHNOLOGIES AG AND QIMONDA INSOLVENCY ADMINISTRATOR REACH SETTLEMENT TO BRING LEGAL DISPUTE TO AN END BY MUTUAL AGREEMENT
INFINEON TECHNOLOGIES AG - SETTLEMENT AGREEMENT PROVIDES FOR A PAYMENT OF EUR 753.5 MILLION
INFINEON - AMOUNT CONSISTS OF NOMINAL SETTLEMENT AMOUNT OF EUR 800 MILLION LESS SET-OFF AMOUNTS FROM PREVIOUS AGREEMENTS WITH INSOLVENCY ADMINISTRATOR
INFINEON TECHNOLOGIES AG - WITH SETTLEMENT AGREEMENT, ALL LEGAL DISPUTES AND CLAIMS OF INSOLVENCY ADMINISTRATOR AGAINST INFINEON ARE SETTLED.
INFINEON - AMOUNT IN EXCESS OF THIS WILL HAVE A NEGATIVE IMPACT ON EARNINGS AND CASH FLOW FROM DISCONTINUED OPERATIONS
INFINEON TECHNOLOGIES AG - INSOLVENCY ADMINISTRATOR HAD CLAIMED AN AMOUNT OF AROUND EUR 3.4 BILLION PLUS INTEREST
Source text for Eikon: ID:nEQ1BlNJWa
Further company coverage: [IFXGn.DE]
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