Electronics Production | September 28, 2006
"STMicro next Chipmaker targeted for buyout"
According to traders betting on the creditworthiness of companies, STMicroelectronics may be the next chipmaker targeted for a buyout.
The perceived risk of owning STMicroelectronics' $1.6 billion of bonds has risen 29 percent in the past week to its highest in six months, Bloomberg reports.
According to Olli Rouhiainen, an analyst at Standard & Poor "STM would be a bigger buyout than Freescale or NXP, but in this day and age any company can be bought, ratings will suffer when leverage rises.''
According to Olli Rouhiainen, an analyst at Standard & Poor "STM would be a bigger buyout than Freescale or NXP, but in this day and age any company can be bought, ratings will suffer when leverage rises.''
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