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BRIEF-Cree announces termination of Wolfspeed and Infineon sale transaction
February 16, 2017 / 9:56 PM / 10 months ago

BRIEF-Cree announces termination of Wolfspeed and Infineon sale transaction

Feb 16 (Reuters) - Cree Inc :

* Cree announces termination of Wolfspeed and Infineon sale transaction

* Cree Inc - wolfspeed to be reintegrated into cree

* Cree Inc says termination of this transaction with infineon will trigger a termination fee of $12.5 million being paid to cree

* Cree Inc - termination of this transaction with infineon will trigger a termination fee of $12.5 million being paid to Cree

* Cree Inc - Cree and Infineon have been unable to identify alternatives which would address national security concerns of CFIUS

* Cree Inc - Wolfspeed will now be reported as a separate segment of cree’s continuing operations Source text for Eikon: Further company coverage:

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