Cypress Semiconductor and Spansion to Merge in $4 Billion All-Stock Transaction

On December 1, 2014, Cypress Semiconductor Corp. and Spansion, Inc. announced a definitive agreement to merge in an all-stock, tax-free transaction valued at approximately $4 billion. The post-merger company will generate more than $2 billion in revenue annually and create a leading global provider of microcontrollers and specialized memories needed in today's embedded systems.

"This merger represents the combination of two smart, profitable, passionately entrepreneurial companies that are No. 1 in their respective memory markets and have successfully diversified into embedded processing," said T.J. Rodgers, Cypress's founding president and CEO. "Our combined company will be a leading provider of embedded MCUs and specialized memories. We will also have extraordinary opportunities for EPS accretion due to the synergy in virtually every area of our enterprises."

For more information, please see Cypress Semiconductor's news release.

Wilson Sonsini Goodrich & Rosati acted as legal counsel to Cypress Semiconductor in the transaction. The team includes:

Larry Sonsini
Mike Ringler
Alex Kingsley
Vinnie Buehler
Michelle Fernandes

Ivan Humphreys
Andrew Bryant

Corporate Finance
Andy Hirsch
John Mao
Erik Franks
Michael Rosati

Employee Benefits and Compensation
John Aguirre
Jackie Tokuda
Cisco Palao-Ricketts
Mike Klippert

Scott Sher
Paul Jin
Roisin Comerford

David Berger
Amy Simmerman
Ryan Greecher

Trade Secrets and Employee Mobility
Jeanna Steele
Briza Sanchez

Technology Transactions
Selwyn Goldberg
Tracy Rubin