ISSI Stockholders Approve Acquisition by Uphill For $23/Share In Cash
Integrated Silicon Solution,
Inc. (ISSI), a global fabless semiconductor company, today reported that its
stockholders approved the acquisition of ISSI by Uphill Investment Co.
(Uphill) for $23.00 per share in cash pursuant to the merger agreement
between ISSI and Uphill dated as of March 12, 2015, as amended.
ISSI and Uphill expect the acquisition to close in the third calendar
quarter of 2015 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 (CFIUS).
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