ISS Recommends in Favor of Uphill Transaction
Jun 17, 2015, 08:00 ET
MILPITAS, Calif., June 17, 2015 /PRNewswire/ -- Integrated Silicon Solution, Inc. (ISSI) today announced that the proxy advisory firm Institutional Shareholder Services (ISS) has recommended that ISSI stockholders vote FOR the proposed acquisition of ISSI by Uphill Investment Co. (Uphill) and related matters at the Special Meeting of Stockholders to be held on June 19, 2015. The merger agreement between ISSI and Uphill dated as of March 12, 2015, as previously amended, provides for consideration of $21.00 per share in cash.
The Special Meeting will take place at 2:00 p.m. local time, at the offices of Wilson Sonsini Goodrich & Rosati, P.C., 650 Page Mill Road, Palo Alto, California 94304. ISSI stockholders of record as of the close of business on April 20, 2015 are entitled to notice of, and to vote at, the special meeting.
The ISSI Board of Directors recommends that ISSI stockholders vote FOR the adoption of the merger agreement with Uphill.
Stockholders may obtain, free of charge, copies of the definitive proxy statement, the amendments to the definitive proxy statement and any other documents filed by ISSI with the Securities and Exchange Commission (SEC) in connection with the Special Meeting of Stockholders at the SEC's website (http://www.sec.gov), at ISSI's website (http://www.issi.com) or by writing to Investor Relations, Integrated Silicon Solution, Inc., 1623 Buckeye Drive, Milpitas, CA 95035.
ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) automotive, (ii) communications, (iii) industrial, and (iv) digital consumer. ISSI's primary products are high speed and low power SRAM and low, and medium and high density DRAM. ISSI also designs and markets NOR flash products and high performance analog and mixed signal integrated circuits. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea. Visit ISSI's web site at www.issi.com.
SOURCE Integrated Silicon Solution, Inc.
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