Cypress Semiconductor Corp. and Spansion Inc. have received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) for their merger proposal. With the waiting period termination and the notification from Germany’s Federal Cartel Office, the merger is only waiting for approval from Japan, the effectiveness of Cypress’s registration statement on Form S-4 which was initially filed with the SEC on December 19, 2014, and approval by both companies stockholders..
The merged company will generate an estimated $2 billion in revenue annually following all-stock, tax-free transaction valued at approximately $4 billion. The shareholders of each company will own approximately 50 percent of the merged company after the deal is finalized which is expected to occur within the first half of 2015.
Full Content: EFY Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI