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Cypress Semiconductor (CY) Stock Declines Following Unsolicited Bid For Integrated Silicon

2015-05-16 18:20:26| IT Services - Topix.net

Integrated Silicon has already accepted an offer from Uphill Investment for $19.25 per share, but the company said that Cypress' offer constitutes a superior proposal and it is therefore obligated to engage in talks with Cypress as part of its duty to shareholders. Integrated Silicon shares are flat at $20.14 in trading today.

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