Cypress Semiconductor (CY) Declares $0.11 Quarterly Dividend; 3.5% Yield

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Go back to Cypress Semiconductor (CY) Declares $0.11 Quarterly Dividend; 3.5% Yield

Cypress Semiconductor (CY) Offers $19.75/Share in Cash for Integrated Silicon Solution (ISSI)

May 13, 2015 5:08 PM EDT

Cypress Semiconductor (NASDAQ: CY) announced that it had sent the following letter to the Board of Directors of Integrated Silicon Solution, Inc (Nasdaq: ISSI).

May 13, 2015

Jimmy S.M. Lee

Executive Chairman

Scott D. Howarth

President and Chief Executive Officer

Integrated Silicon Solution, Inc.1623 Buckeye Drive

Milpitas, California 95035

Messrs. Lee and Howarth,

On behalf of Cypress Semiconductor Corporation ("Cypress"), I am writing to formally convey our proposal to acquire 100% of the outstanding shares of common stock of Integrated Silicon Solution, Inc. ("ISSI") for... More