Infineon to Acquire Ardent

Share-based deal is worth about $42 million

October 2, 2000

1 Min Read

MUNICH -- Following its strategic goal to assume the lead in the fast growing communications market, Infineon Technologies (FSE/NYSE: IFX) today announced it has entered into a definitive agreement to acquire Ardent Technologies, Inc., Sunnyvale, CA, a supplier of high-bandwidth integrated circuits for local area network (LAN) switching systems. The cost of acquiring 100 percent of privately held Ardent in this share-based deal is US$ 42 million.

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