A PYMNTS Company

US: Semiconductors complete complete $5 Billion merger

By  |  March 15, 2015

Cypress Semiconductor Corp. and Spansion, Inc. yesterday announced that they have closed the merger of the two companies in an all-stock, tax-free transaction valued at approximately $5 billion. In a special meeting earlier today, Cypress shareholders approved the issuance of 2.457 shares of Cypress stock to Spansion shareholders for each Spansion share they own. Spansion shareholders approved the merger in a separate special meeting.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “We closed this merger even more quickly than originally anticipated, accelerating our strategic and financial roadmap”Cypress President and CEO T.J. Rodgers said.

     

    Full Content: Yahoo! News

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.