Merger Arbitrage Mondays – Cypress Semiconductor (CY) Deal Speculation Confirmed
Merger activity decreased last week with two new deals announced and one pending deal closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.
There were six new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Total System Services (TSS) by Global Payments (GPN) for $21.5 billion in an all stock deal. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock.
- The acquisition of Cypress Semiconductor Corporation (CY) by Infineon Technologies AG (IFNNY) for $9.56 billion or $23.85 per share in cash. We added CY as a potential deal to the Deals in the Works section on May 29, 2019 and the price after the news of the potential deal came out was $17.25.
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