Integrated Silicon, Uphill Agree Amend Buyout Deal To Reflect Higher Bid Per Share | Fox Business

Semiconductor company Integrated Silicon Solution Inc. said its merger agreement with Uphill Investment was amended, in which the buyout bid was raised to $23 per share from $22 a share. The new agreement comes after Cypress Semiconductor raised, again, its proposed buyout bid for Integrated Silicon on Monday to $22.25 a share. Integrated Silicon said its special meeting of shareholders will held on June 29 to consider approval of the acquisition by Uphill, which the company's board of directors recommends. Integrated Silicon's stock was still inactive ahead of the open, while Cypress shares rose 1%.