According to Bloomberg, Cypress Semiconductor (CY) seeking strategic alternatives

  • May 29, 2019


StockCypress Semiconductor CorporationSymbolCY
Date Announced05/29/2019Source Bloomberg
TypeNews Report
Date of Confirmation: 06/02/2019Price at Confirmation: $17.82
Potential Profit: 4.03%Annualized Profit: 367.56%

Cypress Semiconductor Corp. (CY) is exploring strategic options including a potential sale after receiving takeover interest, according to people familiar with the matter.


June 02, 2019: German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp (CY), valuing the U.S. chipmaker at almost $10 billion, Bloomberg reported.

June 02, 2019: Infineon Technologies AG and Cypress Semiconductor Corporation (CY) today announced that the companies have signed a definitive agreement under which Infineon will acquire Cypress for US$23.85 per share in cash, corresponding to an enterprise value of €9.0 billion.

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