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Stock Market & Financial Investment News

News Breaks
January 27, 2014
09:31 EDTISSIIntegrated Silicon downgraded to Hold from Buy at Feltl
Feltl downgraded Integrated Silicon based on high expectations ahead of the January 29 report and valuation. Price target is $13.
News For ISSI From The Last 14 Days
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June 29, 2015
18:10 EDTISSIIntegrated Silicon shareholders approve of acquisition by Uphill
Integrated Silicon Solution reported that its stockholders approved the acquisition of ISSI by Uphill Investment Co. for $23.00 per share in cash pursuant to the merger agreement between ISSI and Uphill dated as of March 12. ISSI and Uphill expect the acquisition to close in calendar Q3 upon the satisfaction of the remaining closing conditions including completion of the restructuring of ISSI's operations in Taiwan and obtaining approval of the transaction by the Committee on Foreign Investment in the United States.
17:35 EDTISSIStarboard Value lowers stake in Integrated Silicon to 4.3% from 11.2%
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June 26, 2015
08:43 EDTISSIISSI determines Cypress final proposal does not constitute superior to Uphill
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June 25, 2015
10:01 EDTISSIHigh option volume stocks
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05:18 EDTISSICypress Semiconductor presents 'best and final offer' to Integrated Silicon
Cypress Semiconductor (CY) announced that it sent the following letter to the board of Integrated Silicon Solution (ISSI): "On behalf of Cypress Semiconductor, I hereby submit our best and final offer for Integrated Silicon Solution and attach a revised draft Agreement and Plan of Merger between ISSI and Cypress. Cypress is increasing its offer to acquire ISSI to a price of $22.60 per share, while maintaining its previously outlined ticking fee of 10c per share per quarter beginning October 1. Our strategic and financial analysis indicates this is the maximum price justified for ISSI in order for the deal to create long-term value for our shareholders. Again, we are prepared to put the Revised Definitive Merger Agreement reflecting our Revised Offer, signed by me to demonstrate our sincerity and strong commitment to closing this transaction, into escrow through our lawyers today. We strongly believe that our Revised Offer clearly represents a superior, risk-adjusted proposal to the transaction contemplated by the current Agreement and Plan of Merger with Uphill Investment... As we have noted previously, had we been included in your sale process, your shareholders would have reaped two significant benefits: a more time-efficient price-discovery process and the capture of a potential incremental 56c per share per quarter, which was instead misspent on an unnecessary breakup fee."
June 23, 2015
08:08 EDTISSIUphill increases price for ISSI acquisition to $23 per share
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June 22, 2015
08:04 EDTISSICypress Semiconductor sends updated proposal to Integrated Silicon
Cypress Semiconductor (CY) sent an updated proposal to Integrated Silicon (ISSI). In the letter to the Executive Chairman of the Board of Integrated Silicon, Cypress said, "I trust that the ISSI Board of Directors now understands that Cypress Semiconductor places strategic, not just financial, value on the acquisition of ISSI. Of course, you have known of this strong and unwavering interest, given your personal dialogues with us over the last year. As we said in those meetings, we believe that the transaction would benefit not only ISSI shareholders, but also ISSI customers due to the increased breadth and strategic capabilities of the product offerings of the combined companies; for example, to provide and warranty all the memory types needed to implement an automotive embedded system. With that vision unchanged, Cypress is increasing its offer to acquire ISSI to $22.25 per share, while maintaining its previously outlined ticking fee of $0.10 per share per quarter beginning October 1, 2015. Additionally, Cypress will put into escrow through our lawyers today a merger agreement pre-negotiated with ISSI and signed by me to further demonstrate our sincerity and strong commitment to closing this transaction. This Cypress proposal is clearly superior to an Uphill proposal at the same price per share, given our inclusion of a ticking fee and our mitigation of regulatory risk."

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