Sources: Infineon nears deal to buy Cypress Semiconductor for $23-$24/share; the San Jose-based chipmaker had market cap of $6.5B and closed at $17.82 on Friday (Bloomberg)

Bloomberg:
Sources: Infineon nears deal to buy Cypress Semiconductor for $23-$24/share; the San Jose-based chipmaker had market cap of $6.5B and closed at $17.82 on Friday  —  - Transaction likely to value Cypress at $10 billion with debt  — German chipmaker could pay $23 to $24 per share for Cypress