AIXG
Aixtron AktiengesellschaftNASDAQ
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  • Today, 7:48 AM
    • China's Fujian Grand Chip Investment Fund drops its takeover bid for German chip equipment maker Aixtron (NASDAQ:AIXG), saying its offer had lapsed as it had failed to obtain U.S. regulatory approval for the deal.
    • AIXG's technology is being used to upgrade both U.S. and foreign-owned Patriot missile defense systems, and the U.S. blocked the deal last Friday due to national security risks.
    • AIXG -2.6% premarket.
    | Today, 7:48 AM
  • Mon, Dec. 5, 10:58 AM
    | Mon, Dec. 5, 10:58 AM
  • Sun, Dec. 4, 4:25 AM
    • German chip equipment maker Aixtron (NASDAQ:AIXG) will explore with its Chinese suitor what can be salvaged of the planned takeover after President Obama ruled the deal posed a national security risk.
    • It added the presidential order was limited to Aixtron's U.S. business and did not per se prohibit the acquisition of Aixtron shares and ADRs of Fujian Grand Chip Investment Fund.
    | Sun, Dec. 4, 4:25 AM | 1 Comment
  • Fri, Dec. 2, 6:07 PM
    • Earlier: Obama set to block Aixtron sale
    • A rare move, signaling a sense of heightened scrutiny over M&A with globally interconnected security implications.
    • While Aixtron (NASDAQ:AIXG) is based in Germany and its prospective buyers Chinese, the U.S. retained a say on the deal due to subsidiaries Aixtron operates in California and a count of 100 people it employs within the country.
    | Fri, Dec. 2, 6:07 PM | 10 Comments
  • Fri, Dec. 2, 3:54 AM
    • President Obama is poised to block a Chinese company from buying Germany's Aixtron (NASDAQ:AIXG) because Northrop Grumman (NYSE:NOC), a major U.S. defense contractor, is among the chip equipment maker's customers.
    • It would mark only the third time in more than a quarter century that the White House rejected an investment by an overseas buyer as a national security risk.
    • Aixtron shares -6.5% in Frankfurt.
    | Fri, Dec. 2, 3:54 AM | 4 Comments
  • Mon, Nov. 21, 7:59 AM
    • Aixtron (NASDAQ:AIXG) says it is sticking with its plan to be acquired by a Chinese consortium, despite objections raised by the Committee on Foreign Investment in the U.S., or CFIUS.
    • Late Friday, AIXG says it was informed by CFIUS, about "unresolved U.S. national security concerns regarding the proposed transaction," an apparent reference to defense applications of the company's technology; CFIUS does not give reasons for its decisions.
    • The decision will now be referred to Pres. Obama, who must block or allow the transaction within 15 days.
    • Earlier this year, CFIUS also blocked the $3.3B sale of Philips' Lumileds lighting business to a consortium of Chinese investors.
    | Mon, Nov. 21, 7:59 AM
  • Tue, Nov. 8, 9:22 AM
    • Aixtron Aktiengesellschaft (NASDAQ:AIXG): Q3 EPS of -€0.04 misses by €0.02.
    • Revenue of €51.2M (-6.2% Y/Y) misses by €6.32M.
    • Press Release
    | Tue, Nov. 8, 9:22 AM
  • Mon, Oct. 24, 12:51 PM
    | Mon, Oct. 24, 12:51 PM
  • Mon, Oct. 24, 7:58 AM
    • The German government withdraws its approval for a Chinese takeover of chip equipment maker Aixtron (NASDAQ:AIXG), raising an unexpected hurdle for a €670M ($728M) deal on the home stretch.
    • Germany's economics ministry says it is reopening its review of Grand Chip Investment’s takeover after clearing the €6/share deal just last month.
    • The planned purchase of AIXG is part of a wave of Chinese acquisitions of German tech companies, and the holdup appears to signal a growing backlash against such activity within the Merkel government.
    | Mon, Oct. 24, 7:58 AM
  • Wed, Sep. 7, 11:08 AM
    • The China government will prohibit imports and sale of 15W to below 60W incandescent light bulb from October 1, 2016, leading to a complete end to use of such lighting products, DigiTimes reports.
    • The prohibition is expected to boost demand for LED light bulbs, sources noted. In particular, LED filament light bulbs will replace 15-30W incandescent bulbs.
    • Related tickers: (CREE +2.8%), (PHG), (RBCN +3.3%), (LEDS -1.4%), (VECO +0.3%), (AIXG +0.7%)
    | Wed, Sep. 7, 11:08 AM | 7 Comments
  • Thu, Aug. 11, 8:23 AM
    • Aixtron Aktiengesellschaft (NASDAQ:AIXG): Q2 EPS of -€0.09 beats by €0.02.
    • Revenue of €34.1M (-15.6% Y/Y) misses by €1.69M.
    • Press Release
    | Thu, Aug. 11, 8:23 AM
  • Wed, Aug. 10, 5:30 PM
    | Wed, Aug. 10, 5:30 PM | 21 Comments
  • Mon, May 23, 12:36 PM
    • A fund known as Grand Chip Investment is acquiring Aixtron (AIXG +13.1%) for €6.00/share ($6.72/share), or €670M ($750M) after factoring net cash. The price represents a 23% premium to Aixtron's Friday close, and a 48% premium to where shares traded before Bloomberg first reported of Aixtron's sale efforts on March 31.
    • The all-cash offer requires the support of shareholders owning 60% of Aixtron's shares. Though up strongly today, Aixtron still trades 8% below its buyout price, perhaps due to concerns about regulatory scrutiny.
    • Aixtron popped on Friday after Bloomberg reported a €5.50/share could be close. Rival Veeco (VECO +1.6%) is up 7% over the last two trading days.
    | Mon, May 23, 12:36 PM | 3 Comments
  • Fri, May 20, 2:09 PM
    • Sources tell Bloomberg a P-E investor group backed by Hong Kong investment firm Buttonwood Finance is in talks to buy Aixtron (AIXG +9.4%), and that the parties "aim to reach an agreement in the coming weeks."
    • One source says a deal could be valued at €5.50/share ($6.16/share). That would represent a 23% premium to Aixtron's Thursday close. Bloomberg cautions no final decision has been made.
    • Earlier: Aixtron reportedly in sale talks with Chinese suitors
    | Fri, May 20, 2:09 PM | 1 Comment
  • Fri, May 20, 12:38 PM
    • Bloomberg reports Aixtron (AIXG +9.6%) is talking with Chinese firms about a potential sale. The report follows one on March 31 stating the German LED/chip equipment maker is holding informal sale talks and working with JPMorgan to explore options.
    • Aixtron is posting big gains, but it's worth noting shares were already doing very well before Bloomberg's latest report. A broader rally in chip equipment stocks that has followed Applied Materials' strong earnings/guidance appears to be helping out.
    • U.S.-based rival Veeco (VECO +3.2%) is also outperforming on a day the Nasdaq is up 1.4%. Bloomberg's March report stated Aixtron had spoken with both Veeco and Chinese firms. Both companies have been hit hard by weak LED equipment demand caused by industry oversupply.
    | Fri, May 20, 12:38 PM | 2 Comments
  • Tue, Apr. 26, 9:16 AM
    | Tue, Apr. 26, 9:16 AM