The Committee on Foreign Investment in the United States (CFIUS) informed Cypress that it had determined “there are no unresolved national security concerns” with the merger, the San Jose, California-based company said in a statement. Shares of both companies took a hit last week after a report said, citing sources, that the U.S. Treasury-led CFIUS had advised President Donald Trump to block the deal due to national security risks. Cypress shares were up about 45% at $22.20 after market close on Monday. …read more
Source:: Yahoo Finance
