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Is the Cypress Deal Financially Attractive for Infineon?

Sneha Nahata
Is the Cypress Deal Financially Attractive for Infineon?

Germany-based Infineon Technologies plans to acquire US chip maker Cypress Semiconductor (CY) for a deal value of 9 billion euros ($10.06 billion). Infineon has agreed to pay $23.85 per share to Cypress's shareholders, which some analysts consider to be too high.