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May 27, 2014
08:39 EDTCY, IEXCypress Semiconductor announced a new strategic partnership with IDEX ASA
Cypress Semiconductor announced a new strategic partnership with IDEX ASA to develop fingerprint recognition solutions. Under the terms of the agreement, Cypress will offer its customers fingerprint solutions based on IDEX's award-winning fingerprint imaging and recognition technology, alongside Cypress's industry-leading portfolio of TrueTouch touchscreen controllers, CapSense touch-sensing controllers and trackpad solutions. The combination will streamline the design of personal security and sleek user interfaces for smartphones, tablets, wearables, identity cards and a host of Internet of Things applications.
News For CY;IEX From The Last 14 Days
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July 1, 2015
16:34 EDTIEXIDEX Corp. acquires CIDRA Precision Services for $19.5M
IDEX Corp. announced the acquisition of CIDRA Precision Services. Located in Wallingford, CT, CIDRA has revenues of approximately $9M and will operate in our Scientific Fluidics platform, and as part of the Health & Science Technologies segment. CIDRA was acquired for a cash consideration of $19.5M with an earn-out up to $5.5M contingent on the achievement of financial objectives in the 12-month period following closing. The transaction is expected to be accretive to IDEX earnings in the first full year after closing.
05:33 EDTCYCypress Semiconductor reinstated with an Overweight at Barclays
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June 29, 2015
11:03 EDTCYThree Bays Capital reports 5.6% passive stake in Cypress Semiconductor
June 26, 2015
12:27 EDTCYCypress Semiconductor could rise 30%, Barron's says
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08:43 EDTCYISSI determines Cypress final proposal does not constitute superior to Uphill
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08:02 EDTCYCypress Semiconductor's TrueTouch controller selected by Huawei
Cypress Semiconductor announced that Huawei has selected Cypress's TrueTouch capacitive touchscreen solution for its next-generation MediaPad X2 tablet PC. The MediaPad X2 utilizes the TrueTouch TMA568 controller's industry-leading gloved finger tracking, robust water tolerance and easy-wake gestures for its sleek 7-inch touchscreen display.
June 25, 2015
05:18 EDTCYCypress Semiconductor presents 'best and final offer' to Integrated Silicon
Cypress Semiconductor (CY) announced that it sent the following letter to the board of Integrated Silicon Solution (ISSI): "On behalf of Cypress Semiconductor, I hereby submit our best and final offer for Integrated Silicon Solution and attach a revised draft Agreement and Plan of Merger between ISSI and Cypress. Cypress is increasing its offer to acquire ISSI to a price of $22.60 per share, while maintaining its previously outlined ticking fee of 10c per share per quarter beginning October 1. Our strategic and financial analysis indicates this is the maximum price justified for ISSI in order for the deal to create long-term value for our shareholders. Again, we are prepared to put the Revised Definitive Merger Agreement reflecting our Revised Offer, signed by me to demonstrate our sincerity and strong commitment to closing this transaction, into escrow through our lawyers today. We strongly believe that our Revised Offer clearly represents a superior, risk-adjusted proposal to the transaction contemplated by the current Agreement and Plan of Merger with Uphill Investment... As we have noted previously, had we been included in your sale process, your shareholders would have reaped two significant benefits: a more time-efficient price-discovery process and the capture of a potential incremental 56c per share per quarter, which was instead misspent on an unnecessary breakup fee."
June 23, 2015
08:08 EDTCYUphill increases price for ISSI acquisition to $23 per share
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