Cypress Semiconductor explores options after receiving takeover interest: Bloomberg

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Go back to Cypress Semiconductor explores options after receiving takeover interest: Bloomberg

Multiple Bidders Said Interested in Cypress Semiconductor (CY), But China Looms - Sources

May 31, 2019 10:04 AM EDT

Cypress Semiconductor (NASDAQ: CY) has attracted multiple suitors interested in acquiring the company, sources said. However, despite the level of interest, the process is early and China continues to cloud the picture. Any deal would likely require China MOFCOM approval, which has been difficult for others to obtain amid the U.S./China trade war. Early price indications suggested a deal is likely in the low to mid-$20s but the process remains fluid and any... More