Infineon in Germany about to acquire Cypress Semiconductor: Bloomberg By Reuters

by



[ad_1]


© Reuters. Shareholders arrive in Munich for annual meeting of German semiconductor manufacturer Infineon

(Reuters) – German chip maker Infineon Technologies AG is in the process of signing an agreement to buy Cypress Semiconductor Corp.

Infineon will pay between $ 23 and $ 24 per share for Cypress Semiconductor, Bloomberg reported, citing two people close to the case.

The offer represents a premium of about 50% since Bloomberg announced last week that Cypress Semiconductor was exploring options after receiving a takeover.

Infineon and Cypress Semiconductor were not immediately available for comment.

(This story corrects the syntax in the title)

Warning: Fusion Media Please remember that the data contained in this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges but by market makers. As a result, prices may not be accurate and may differ from market prices, meaning that prices are indicative and not suitable for trading purposes. As a result, Fusion Media assumes no liability for any business losses you may incur as a result of using this data.

Fusion Media or anyone involved in Fusion Media will not accept any liability for loss or damage arising from the use of the information, including data, quotes, graphics and buy / sell signals contained in this site Web. Please be fully aware of the risks and costs associated with financial market transactions. This is one of the most risky forms of investing possible.

[ad_2]

Source link