Scalper1 News
A proposed merger between Cypress Semiconductor and Spansion prompted analysts’ upgrades and price target increases on Tuesday, and shares of both companies surged. Cypress Semiconductor (CY) stock was up 16% near 12 in midday trading on the stock market today. Spansion (CODE) was up 23% near 28. Cypress will acquire Spansion for about $1.6 billion to form a company specializing in microcontrollers and flash-memory chips with combined annual sales Scalper1 News
Scalper1 News