Germany's Infineon near acquiring Cypress Semiconductor: Bloomberg By Reuters
© Reuters. Shareholders arrive at the annual meeting of German semiconductor manufacturer Infineon in Munich (Reuters) – German chipmaker Infineon Technologies AG is approaching an agreement to buy Cypress Semiconductor Corp, which values the US chipmaker at nearly $ 10 billion, Bloomberg reports on Sunday. 19659004] Infineon will pay between $ 23- $ 24 per share for Cypress Semiconductor, Bloomberg reported, quoting two people familiar with the case.
The offer has a premium of about 50% from the time Bloomberg reported last week that Cypress Semiconductor explored options after receiving takeover interest.
Both Infineon and Cypress Semiconductor were not immediately available to comment. [Denne artikkelen korrigerer syntaks i overskriften]
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