- 13 days after authorizing buyout talks with Cypress Semi (CY +0.2%) in response to Cypress' $19.75/share offer, Integrated Silicon (ISSI) says it "has met several times with Cypress management and ... has provided Cypress with access to an electronic data-room containing requested documents."
- No decision has been reached regarding accepting a Cypress offer. However, ISSI is delaying a shareholder meeting (previously set for June 3) for voting on the $19.25/share deal it struck with a Chinese consortium.
- ISSI is trading ~$0.90 above the consortium's offer price, and ~$0.40 above Cypress' initial offer price.