Infineon to acquire Cypress Semiconductor for $23.85 per share, valuing the company at €9B, at about 33% premium to its Friday closing price of $17.82 (Bloomberg)

Bloomberg:
Infineon to acquire Cypress Semiconductor for $23.85 per share, valuing the company at €9B, at about 33% premium to its Friday closing price of $17.82  —  - The proposed acquisition values Cypress at about $10 billion  — Semiconductor players are wrestling with slowing growth

from Techmeme http://bit.ly/2Klb9KE