Cypress Semi (CY) Said It Will Explore an Acquisition of Simtek (SMTK)

In an amended 13D filing after the close on Simtek (Nasdaq: SMTK), Cypress Semiconductor (NYSE: CY), a 19.3% shareholder, said it was determined to explore a potential acquisition of the Company or substantially all of its outstanding equity securities and contacted representatives of the Company to discuss such a transaction.

Cypress said such explorations and discussions could result in a transaction in which Cypress obtains control of the Company through a merger, acquisition of stock or otherwise or could result in a purchase of a division or business of the Company. However, there can be no assurance that any transaction will occur.