The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Cypress Semiconductor completed its merger with Spansion on March 12, 2015. Under the all-stock agreement, each Spansion common share converted into the right to receive 2.457 Cypress common shares, with cash paid for any fractional share. The companies announced the proposed deal in December 2014.
When was the Cypress–Spansion merger announced and completed?
Cypress Semiconductor Corporation and Spansion Inc. announced a definitive merger agreement on December 1, 2014. Their transaction closed on March 12, 2015, after shareholders of both companies approved it at separate special meetings that day. Cypress announced the completion in a closing release.
What did Spansion shareholders receive?
The agreement set an exchange ratio of 2.457 Cypress common shares for each Spansion common share. Fractional Cypress shares were not issued; shareholders were instead entitled to cash in lieu of fractional shares. The merger agreement describes the exchange terms in its transaction provisions.
How much was the merger worth?
There is no single figure in the cited documents that should be treated as the definitive transaction price. Cypress and Spansion described the proposed deal as approximately $4 billion in their December 1, 2014 announcement. Cypress described the completed transaction as approximately $5 billion in its March 12, 2015 closing announcement. In its 2015 Form 10-Q, Cypress reported approximately $2.8 billion in total purchase consideration for accounting purposes; the filing says Cypress was the accounting acquirer and applied the acquisition method (Cypress Form 10-Q).
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
- Manufacturer: Cypress Semiconductor Corp
- MCU:ARM Cortex-M3
- Evaluation Board with CHIP CY8C58LP
- Strong stability and reliable use
| Figure | Source and context |
|---|---|
| Approximately $4 billion | Cypress and Spansion, proposed-deal announcement, December 1, 2014 |
| Approximately $5 billion | Cypress, merger-closing announcement, March 12, 2015 |
| Approximately $2.8 billion in total purchase consideration | Cypress, 2015 Form 10-Q, accounting disclosure |
These figures appear in different documents and contexts. The cited materials do not provide enough detail to reconcile the valuation methods, so they should not be treated as interchangeable.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What synergies did the companies forecast?
In its March 12, 2015 closing announcement, Cypress forecast more than $135 million in annualized cost synergies within three years. That was a forward-looking company estimate, not evidence that the savings were later achieved. The cited sources do not establish the realized synergy total.
Quick Recap
Best Value
Rank #3
- The best way to get started with FPGAs: Using a simple board with projects that build on eachother, now anyone can get started with FPGA development!
- Fun peripherals available: With 4 LEDs, 4 push-buttons, 7-segment display, USB connector, a VGA connector, and a PMOD (for expansion) you can have dozens of fun projects available to you out of the box!
- Works with Verilog and VHDL: No matter which programming language you want to get started with, the Go Board will work for you!
- No extra device required: Simply plug the Go Board into a USB port and go! Getting started with FPGAs has never been easier.
- Works with all operating systems: Windows, Mac, Linux
Rank #2
- CY8CKIT-005 PSoC 4 PSoC 5LP PSoC 6 - Debugger Programmer (In-Circuit/In-System)
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
