Friday, December 29, 2006

Chapman Capital Wants Cypress Semi (CY) to Split Off SunPower (SWPR), LBO for Core Biz

Activist hedge fund Chapman Capital sent a letter to the board of Cypress Semiconductor (NYSE: CY) recommending the company reorganize via a split-off of its controlling stake in SunPower (Nasdaq: SPWR) and subsequent going-private LBO transaction of the core semiconductor business. More at 13D Tracker

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