Cypress to buy Spansion
December 02, 2014 at 13:04 PM EST
Cypress Semiconductor Corp. (Nasdaq:
CY) will acquire Spansion Inc. (NYSE: CODE) for approximately $1.59 billion
in an all stock transaction. Shares of Cypress Semiconductor soared $1.52 to $11.95 while Spansion stock leaped $5.02 to $27.87.