Cases
Cypress Semiconductor Corporation (NASDAQ: CY)
Merger
Overview
Overview
- Date:
- 6/3/2019
- Company Name:
- Cypress Semiconductor Corporation
- Stock Symbol:
- CY
- Company Name - Buyer:
- Infineon Technologies AG
- Stock Symbol - Buyer:
- IFX, IFNNY
- Status:
- Filed
- Merger Announcement Date:
- 6/3/2019
- Filing Date:
- 7/16/2019
NEW YORK, June 3, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Cypress Semiconductor Corporation (NASDAQ: CY) on behalf of Cypress shareholders concerning the proposed merger with (Infineon Technologies AG (FSE: IFX/ OTCQX: IFNNY).
Pursuant to the proposed transaction, announced on June 3, 2019, Cypress shareholders will receive $23.85 in cash for each share of Cypress common stock owned. The investigation focuses on whether Cypress and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Cypress shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on June 3, 2019, Cypress shareholders will receive $23.85 in cash for each share of Cypress common stock owned. The investigation focuses on whether Cypress and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Cypress shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.