Infineon sells some assets
Infineon Technologies AG, Europe's second-largest semiconductor maker, agreed to sell some fiber-optics assets to Finisar Corp, two weeks after canceling an agreement with the US firm to sell the entire business. Infineon will gain a 13 percent stake in Sunnyvale, California-based Finisar. Finisar, which makes fiber-optics equipment for computer networks. In a statement yesterday it said it will issue 34 million shares to fund the purchase, valuing the transaction at almost US$50 million, based on the closing price of Finisar's shares on Jan. 21.
■ Human Resources
Adecco acquires Altedia
Adecco SA, the world's largest provider of temporary workers, agreed to buy a majority stake in France's Altedia SA for about 57.5 million euros (US$75 million) to expand in Europe. Adecco offered 19 euros per share to acquire 50.5 percent of France's largest human resources consultancy from its founding shareholders, the Glattbrugg, Switzerland-based company said in a statement on the Hugin newswire yesterday. The acquisition will enable the Swiss company to expand in "the higher value-added segment of HR consulting," Adecco chief executive Officer Jerome Caille said in the statement.
Yahoo buys rights to name
Yahoo Japan Corp, which operates Japan's most visited Web portal, will buy the right to name the Fukuoka Dome baseball stadium from Softbank Corp to help raise the profile of the online shopping and auction site. Yahoo Japan, 41.9 percent owned by Softbank, will get the rights after its parent completes talks to lease the stadium on Friday, said Emi Takase, a spokeswoman for the Tokyo-based company. She declined to give financial details. Online shopping and auction Web sites are using the popularity of baseball to help advertise their businesses to Japanese consumers.
Aegis to buy Web firm
Aegis Group Plc, the world's largest independent buyer of advertising space, will pay as much as ?6 million (US$11.3 million) for London-based Internet marketing agency De-construct Ltd to work for Marks & Spencer Plc and Matsushita Electric Industrial Co's Panasonic. Aegis will pay an initial price of ?1.2 million and as much as a further ?4.8 million over three years based on performance targets set for De-construct, the London-based company said in a Regulatory News Service statement yesterday.
Aixtron appoints new CFO
Aixtron AG, the world's largest maker of machines that coat semiconductors, named a Technotrans AG executive as its chief financial officer as part of a management board reorganization. Wolfgang Breme, currently chief financial officer at Technotrans, will become CFO at Aixtron starting April 1, replacing Chris Dodson, the company said in a statement to the Frankfurt exchange yesterday. William Elder, currently chairman of Sunnyvale, California-based Genus Inc, which Aixtron is buying, will join the board and become chairman of all silicon businesses in Aixtron and Genus, the statement said. Technotrans said in a separate statement that it will appoint Stromag AG's finance director, Burkard Rausch, to fill the position vacated by Breme.