Infineon shares up over 5 percent on takeover talk
FRANKFURT (Reuters) - Shares in German chipmaker Infineon (IFXGn.DE: Quote, Profile, Research, Stock Buzz) rose more than 5 percent on Friday, with traders citing unspecified takeover rumors.
At 5:23 a.m. EDT, Infineon traded 5.5 percent higher at 4.875 euros. It was the leading gainer in Frankfurt's top-30 DAX index and also outperformed the DJ Stoxx European technology index, which was up 0.7 percent.
(Additional reporting by Amanda Cooper and Sitaraman Shankar in London and Blaise Robinson in Paris)
(Reporting by Peter Starck)
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