In response to recent rumours circulating in the industry that South Korean electronics conglomerate Samsung was looking into purchasing chip maker Infineon, a company spokesperson made it very clear that there was no chance of a takeover bid.
Samsung's James Chung told the press that his firm had never even considered making an offer for the German manufacturer. Mr Chung stated that there was absolutely no truth in claims that any kind of talks were in process.
After speculation about a possible deal gained public attention, share prices in Infineon rose, although Infineon neither confirmed nor denied the rumours.
The Infineon share price will perhaps be modified in the light of Samsung's outright rebuttal of the claims and Infineon is still keeping quiet about the events of the past few days.
If the deal was to have gone ahead it would have seen Infineon absorbed into what is already the largest memory chip manufacturer in the world and thus Samsung would appear to have little to gain from the acquisition.
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