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Report: Cypress Semi Could Be Considering A Sale Of Itself

By Insider Scoop
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Courtesy of Benzinga.

Semiconductor design and manufacturing company Cypress Semiconductor (NASDAQ: CY) shares spiked Wednesday morning after Bloomberg reported there is takeover interest.

Cypress Semiconductor shares were halted on a circuit breaker around 10 a.m. ET. Shares were halted for about 10 minutes and continued higher upon resumption.

At time of publication, Cypress Semiconductor’s stock was trading higher by 10.4 percent at $17 per share.

Related Links:

Jim Cramer Weighs In On Cypress Semiconductor, American Airlines

MKM: Cypress Semiconductor Has Repositioned Itself For Market-Leading Growth

Posted-In: M&A News Rumors

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