Uphill Increases Merger Consideration For Integrated Silicon Solution

(RTTNews) - Integrated Silicon Solution, Inc. (ISSI) announced it has entered into a further amendment to the merger agreement with Uphill Investment Co. As a result, the merger consideration was further increased to $22.00 per share in cash, from the $21.00 per share. The company also announced that its special meeting of stockholders will be adjourned to be held on June 25, 2015.

Integrated Silicon Solution and Uphill amended the Agreement after Cypress announced on Thursday that it had submitted a revised offer of $21.25 per share.

The ISSI Board has determined that the revised proposal from Cypress would not be reasonably expected to lead to a Superior Proposal.