Market Overview

Cypress (CY) Alert: Johnson Fistel Investigates Proposed Sale of Cypress Semiconductor Corporation; Are Cypress Shareholders Getting a Fair Price?

Share:

SAN DIEGO, June 3, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cypress Semiconductor Corporation (NASDAQ: CY) ("Cypress") breached their fiduciary duties in connection with the proposed sale of the Company to Infineon Technologies AG ("Infineon").

On June 3, 2019, Cypress announced that it had signed a definitive merger agreement with Infineon. Under the terms of the agreement, Cypress shareholders will receive $23.85 in cash per share.

The investigation concerns whether the Cypress board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Cypress shares of common stock.

Cypress has a change of control provisions for key executives. Many of the Company's senior executives are due to receive millions of dollars in change of control payouts upon consummation of the transaction.

If you are a shareholder of Cypress and believe (1) the proposed buyout price is too low or (2) the merger benefits management more than the shareholders, and (3) you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

[Click here to join this action]

Cision View original content:http://www.prnewswire.com/news-releases/cypress-cy-alert-johnson-fistel-investigates-proposed-sale-of-cypress-semiconductor-corporation-are-cypress-shareholders-getting-a-fair-price-300860531.html

SOURCE Johnson Fistel, LLP

View Comments and Join the Discussion!