Cypress Semiconductor announces that its Board of Directors has approved a quarterly cash distribution of $0.11 per share payable to holders of record of the Company’s common stock at the close of business on September 26, 2019.
This dividend will be paid on October 17, 2019.
Separately, Cypress has announced it will hold a special meeting of stockholders on August 27, 2019 to approve the previously announced Agreement and Plan of Merger, dated June 3, 2019, which provides for Infineon Technologies AG to acquire Cypress for $23.85 per share in cash, corresponding to an enterprise value of approximately $10 billion.
All stockholders of record at the close of business on July 11, 2019 may attend in person and are entitled to receive notice of, and to vote at, the special meeting. The special meeting will be held at 10:00 a.m. Pacific Time at Cypress’ headquarters at 198 Champion Court, San Jose, California 95134. Please note discussions at the meeting will be limited to proposals under consideration. There will be no presentation by management.
Visit Cypress’ Investor Relations website for resources on Cypress 3.0, financial results, and investor presentations.