PACB - Merger Arbitrage Mondays - Cypress Semiconductor Deal Speculation Confirmed
Merger activity decreased last week with two new deals announced and one pending deal closing.
Deal Statistics:
New Deals:
- The acquisition of Total System Services (TSS) by Global Payments (GPN) for $21.5 billion in an all stock deal. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock.
- The acquisition of Cypress Semiconductor Corporation (CY) by Infineon Technologies AG (IFNNY) for $9.56 billion or $23.85 per share in cash. We added CY as a potential