22.22 0.00 (0.00%)
After hours: 4:42PM EDT
|Bid||22.22 x 21500|
|Ask||22.28 x 1000|
|Day's Range||22.20 - 22.30|
|52 Week Range||11.75 - 22.43|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||22.70|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.44 (1.98%)|
|1y Target Est||23.79|
NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating Cypress Semiconductor Corporation (NASDAQ: CY), Raytheon Company (NYSE: RTN), ...
Infineon Technologies is set to buy US-based chip maker Cypress Semiconductor (CY) for $10 billion. The deal is expected to close by the end of 2019 or early 2020 if it receives approval from both the US and China. Both companies’ boards have already approved the acquisition.
Cypress Semiconductor (CY) has recently agreed on a buyout offer from German chip maker Infineon Technologies. Infineon is paying $23.85 per share, a nearly 50% premium, to Cypress's shareholders—a price considered too high for the expected synergies by some analysts.
Is Cypress Semiconductor Corporation (NASDAQ:CY) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks […]
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.
German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.
(Bloomberg) -- Infineon Technologies AG raised about 1.55 billion euros ($1.74 billion) in a capital increase to help finance its acquisition of Cypress Semiconductor Corp.The German chipmaker, which analysts have said may be paying too much for its U.S. rival, sold about 113 million new shares at 13.70 euros each, the company said Tuesday in a statement. The price was about 4.6% below Monday’s closing price of 14.36 euros and the shares fell as much as 6.6% in early trading in Frankfurt to the lowest in almost three years.Infineon is buying San Jose, California-based Cypress -- a memory-chip maker re-positioning itself as a provider to automobiles and other connected devices -- for an enterprise value of 9 billion euros. The combined entity would have sales that would place it among the top 10 chipmakers globally, according to Citibank.Some analysts have questioned the wisdom of the deal. The price is high and cost and revenue synergies will have to be achieved to make the acquisition financially attractive, Warburg said earlier this month in a note.Infineon Chief Executive Officer Reinhard Ploss has argued that the companies are a “perfect fit” because their complementary products create an avenue for faster growth, benefiting employees and shareholders.S&P Global Ratings has put the company on review for a possible ratings downgrade, citing concerns over financing.To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Iain Rogers, Andrew BlackmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday. Infineon said on June 3 it had agreed to buy Silicon Valley-based Cypress for $10 billion, paying a 46% premium to expand into next-generation autos and Internet technologies. "Infineon said it will equity finance about 30% of the ... deal.
Infineon Technologies said on Monday it was launching an accelerated capital increase to raise 1.5 billion euros ($1.68 billion) towards the cost of its planned acquisition of Cypress Semiconductor. The German chipmaker said in a statement that the offering of new shares, by way of a private placement to institutional investors, would increase its share capital by 10%. Separately, the bookrunner on the deal set price guidance for the placement at 13.66 euros.
Moody's Investors Service ("Moody's") rated NXP B.V.'s ("NXP") new senior unsecured notes ("New Notes") Baa3. NXP plans to use a portion of the net proceeds of the New Notes to refinance at maturity NXP Semiconductors Inc.'s $1.15 billion principal amount of outstanding 2019 Cash Convertible Senior Notes ("Convertible Notes") due December 1, 2019 and $600 million principal amount of outstanding 4.125% Senior Notes due 2020, with remaining proceeds used for general corporate purposes. Given the timing mismatch between the issuance of the New Notes and the refinancing of the Convertible Notes, debt will remain elevated until repayment of the Convertible Notes on December 1st.
Under the terms of the proposed transaction, shareholders of Cypress will receive only $23.85 in cash for each share of Cypress that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-cy/ to learn more.
Questions about the high cost of the deal and whether it can win needed regulatory approvals in Washington and China mean it is unlikely to be completed for a while. Here, Infineon's North America leader and former Cypress CEO TJ Rodgers talk about the megamerger, including likely regulatory scrutiny from U.S. and China regulators.
Liberty Expedia Holdings, Inc. (LEXEA) ("Liberty") regarding its acquisition by Expedia Group, Inc. ("Expedia"). Under the terms of the proposed transaction, Liberty shareholders will receive shares of Expedia common stock per share of Liberty common stock they own. Click here for more information: https://www.monteverdelaw.com/case/liberty-expedia-holdings-inc. It is free and there is no cost or obligation to you. DNB Financial Corporation (DNBF) ("DNB or "Company") related to the sale of the Company to S&T Bancorp, Inc. ("S&T Bancorp"). Under the terms of the agreement, DNB shareholders will have the right to receive 1.22 shares of S&T Bancorp common stock for each share of DNB they own.
Cypress Semiconductor (CY) closed the most recent trading day at $22.12, moving -0.18% from the previous trading session.
NEW YORK , June 5, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cypress Semiconductor Corporation ("CY" ...
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Merger dealInfineon Technologies, which is a Germany-based chipmaker, has formed an acquisition agreement to buy US rival Cypress Semiconductor (CY) for $10
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Cypress’s buyout offerCypress Semiconductor (CY) stock rose close to 24% to $22.07 on Monday, nearing an eight-year high after it received a buyout offer from
WILMINGTON, Del., June 04, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Presidio Bank (OTC PINK: PDOB) regarding possible breaches of fiduciary.
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Cypress-Infineon dealUS-based Cypress Semiconductor (CY) has accepted a buyout offer from rival German chipmaker Infineon Technologies, which makes power chips
Cypress Stock Soared 24% on Acquisition Offer from Infineon(Continued from Prior Part)Cypress’s cash flowsCypress Semiconductor (CY) has a strong cash flow structure, and thus, it rewards its shareholders with regular dividends. Cypress has