CY » Topics » Cypress Announces Successful Closing of Simtek Acquisition

This excerpt taken from the CY 8-K filed Sep 18, 2008.

Cypress Announces Successful Closing of Simtek Acquisition

SAN JOSE, Calif, September 17, 2008 – Cypress Semiconductor Corporation (NYSE: CY) today announced the successful closing of its acquisition of Simtek Corporation through the merger of its wholly-owned subsidiary Copper Acquisition Corporation with and into Simtek. Following the merger, Simtek became a wholly-owned subsidiary of Cypress. As a result of the merger, all remaining outstanding Simtek shares, other than shares held by stockholders who properly perfect appraisal rights under Delaware law, have been cancelled and converted into the right to receive $2.60 per share, net to the holder thereof in cash, without interest, less any required withholding taxes.

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