Germany's Infineon close to acquire Cypress Semiconductor - Bloomberg [Reuters]
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Source: Reuters
Germany's Infineon close to acquire Cypress Semiconductor: Bloomberg - Reuters 1 Min Read (Reuters) - German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp, valuing the U.S. chipmaker at almost $10 billion, Bloomberg reported here on Sunday. Infineon will pay between $23-$24 a share for Cypress Semiconductor, Bloomberg reported, citing two people familiar with the matter. The offer is at a premium of about 50% from when Bloomberg reported last week that Cypress Semiconductor was exploring options after receiving takeover interest. Both Infineon and Cypress Semiconductor were not immediately available to comment. Reporting by Rishika Chatterjee in Bengaluru; Editing by Rashmi Aich All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Germany's Infineon close to acquire Cypress Semiconductor: Bloomberg (Reuters) - German chipmaker Infineon Technologies AG is
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