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(-) – German chipmaker Infineon Technologies AG is nearing a deal to purchase Cypress Semiconductor Corp, valuing the U.S. chipmaker at virtually $10 billion, Bloomberg reported https://www.bloomberg.com/information/articles/2019-06-03/infineon-is-said-to-near-deal-to-acquire-cypress-semiconductor on Sunday.
Infineon can pay between $23-$24 a share for Cypress Semiconductor, Bloomberg reported, citing two folks accustomed to the matter.
The supply is at a premium of about 50% from when Bloomberg reported final week that Cypress Semiconductor was exploring choices after receiving takeover curiosity.
Both Infineon and Cypress Semiconductor weren’t instantly out there to remark.
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