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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cypress (“Cypress” or the “Company”) (NASDAQGM: CY) to Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) (“Infineon”). Under the terms of the deal, the shareholders of Cypress will receive $23.85 in cash for each share of Cypress they own.
The Cypress merger investigation concerns whether the Board of Cypress breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Infineon is underpaying for Cypress shares, thus unlawfully harming Cypress shareholders.
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