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Cypress Fails to Finalize Merger Agreement with ISSI
2015-06-11 12:31:07| Industrial Newsroom - All News for Today
MILPITAS, Calif. Integrated Silicon Solution, Inc. (NASDAQ: ISSI) today announced that Cypress Semiconductor ("Cypress") has failed to finalize a merger agreement by the deadline of June 7, 2015 imposed by Cypress, even after Cypress received the negotiated draft agreement from ISSI on Friday, June 5, 2015. As a...
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fails
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Hedge fund, Samsung Group locked in fight over $8 billion merger
2015-06-11 06:54:54| Chemicals - Topix.net
U.S. activist hedge fund Elliott filed another injunction to block a proposed $8 billion merger of two key Samsung Group companies, escalating a conflict over a deal seen key to leadership transfer at South Korea's top conglomerate. Elliott said it had filed its second injunction with a South Korean court, this time to stop builder Samsung C&T Corp from selling treasury shares amounting to a 5.8 percent stake to KCC Corp in a bid to gain KCC's support for the proposed all-share takeover offer from Cheil Industries Inc. In a statement, Samsung C&T said the sale would defend shareholders against "an attack from a foreign hedge fund intended for a short-term trading profit".
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Hedge fund, Samsung Group locked in fight over $8 billion merger
2015-06-11 05:18:11| Semiconductors - Topix.net
U.S. activist hedge fund Elliott filed another injunction to block a proposed $8 billion merger of two key Samsung Group companies, escalating a conflict over a deal seen key to leadership transfer at South Korea's top conglomerate. Elliott said it had filed its second injunction with a South Korean court, this time to stop builder Samsung C&T Corp from selling treasury shares amounting to a 5.8 percent stake to KCC Corp in a bid to gain KCC's support for the proposed all-share takeover offer from Cheil Industries Inc. In a statement, Samsung C&T said the sale would defend shareholders against "an attack from a foreign hedge fund intended for a short-term trading profit".
Tags: group
samsung
fight
fund
Hedge fund, Samsung Group locked in fight over $8 billion merger
2015-06-11 05:12:52| Electronics - Topix.net
U.S. activist hedge fund Elliott filed another injunction to block a proposed $8 billion merger of two key Samsung Group companies, escalating a conflict over a deal seen key to leadership transfer at South Korea's top conglomerate. Elliott said it had filed its second injunction with a South Korean court, this time to stop builder Samsung C&T Corp from selling treasury shares amounting to a 5.8 percent stake to KCC Corp in a bid to gain KCC's support for the proposed all-share takeover offer from Cheil Industries Inc. In a statement, Samsung C&T said the sale would defend shareholders against "an attack from a foreign hedge fund intended for a short-term trading profit".
Tags: group
samsung
fight
fund
Integrated Silicon Solution (ISSI) Stock Falls After Agreeing to Cypress Semiconductor Merger
2015-06-11 01:55:20| IT Services - Topix.net
Following the agreement, other firms looking to acquire ISSI like Chinese private equity firm Uphill Investment have four days to outbid Cypress' offer of $672 million or $20.25 per share. Uphill's original offer of $639 million or $19.25 was topped by Cypress which said that it will comply with regulator's conditions for the merger's approval.
Tags: stock
solution
falls
integrated
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