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US: Cypress Semiconductor sweetens offer for Integrated Silicons

 |  June 1, 2015

Integrated Silicon Solution a fabless semiconductor company, on Monday acknowledged the receipt of a revised unsolicited non-binding offer from Cypress Semiconductor to acquire all of the company’s outstanding common stock for $20.25 per share in cash.

ISSI has previously said that it entered into an amendment to the agreement and plan of merger dated as of March 12, 2015 with Uphill Investment Co. Under the deal, Uphill agreed to acquire all of the outstanding common stock of ISSI for $20.00 per share in cash.

ISSI said it currently expects to engage in further talks with Cypress regarding the offer and to furnish additional due diligence information to Cypress in compliance with the applicable terms of the Uphill Agreement.

Full content: The Wall Street Transcript

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