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$CREE announced execution of a definitive agreement to sell its Wolfspeed Power and RF division to Infineon Technologies for $850MM in cash. J.P. Morgan Securities LLC served as $CREE's financial adviser on transaction. The closing is expected by the end of CY16. $CREE sees about $585MM of net proceeds after tax and other deal related costs.
$EXTR has been on an interesting uptrend, fundamentals kinda tricky but solid technical. Earnings 5th