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Actionable news in CY: Cypress Semiconductor Corporation,

Cypress Semiconductor (CY) Stock Surges on Potential Sale

NEW YORK (TheStreet) -- Shares of Cypress Semiconductor (CY) are up 5.60% to $11.50 in pre-market trading on Thursday as it works with Goldman Sachs (GS) to explore strategic options, sources told U.K. financial blog Betaville.

The San Jose, CA-based semiconductor company has reportedly received takeover interest from three private equity firms.

Summitview Capital, one of the interested firms, made an offer of $14 per share about three weeks ago, but Cypress rejected the bid because...


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