Tag Archives: code

Cypress Semi, Spansion Complete All-Stock Merger

Cypress Semiconductor (CY) and Spansion on Friday announced the completion of their merger, with the combined company having about $2 billion in annual revenue. Cypress shareholders approved the issuance of 2.457 shares of Cypress stock to Spansion (CODE) shareholders for each Spansion share they own. The deal was first announced Dec. 1. But Cypress stock has risen since then to nearly 16 from about 10.50. The companies valued the deal at about $5

Cypress-Spansion Merger Sends Shares Soaring

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

Cypress Will Buy Memory Maker Spansion For $1.6 Bil

California-based chipmaker Cypress Semiconductor (CY) announced Monday it is acquiring Spansion (CODE) for about $1.6 billion to form a company specializing in microcontrollers and flash-memory chips with combined annual sales of more than $2 billion. The all-stock deal, which the companies valued at $4 billion, is expected to close in the first half of next year pending the approval of stockholders from both companies and regulators in the U.S.,