Cree (CREE) announced an agreement to sell its Wol
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Posted On: 07/15/2016 4:25:19 AM
Cree (CREE) announced an agreement to sell its Wolfspeed Power and RF division to Infineon Technologies (IFX) for $850 million in cash. The company also announced preliminary fourth quarter results, expecting revenues at the upper end of its target range of $388 million, which is ahead of the consensus estimate. Omnicom (OMC) reported better than expected second quarter results.
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