Cypress Semiconductor Buys NVRAM Firm
San Jose-based Cypress Semiconductor said Friday that it has acquired Simtek, a Colorado-based manufacturer of nonvolatile static random access memory. The deal was worth $2.60 per share in cash for each share of Simtek common stock, worth approximately $46M. Cypress has been looking to acquire Simtek since February. According to Cypress Semiconductor, the deal will close in or prior to the firm's fourth calendar quarter of 2008.
posted on Monday, August 4, 2008
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