Lundy Law Commences An Investigation Into The Proposed Sale Of Integrated Silicon Solution Inc.
SHAREHOLDER ALERT: Lundy Law Commences An Investigation Into The Proposed Sale Of Integrated Silicon Solution Inc.
Lundy Law is investigating potential claims against the Board of Directors of Integrated Silicon Solution Inc. (“ISSI” or the“Company”) (NASDAQ: ISSI) for possible breaches of fiduciary duty and other violations of law in connection with the sale of the Company to a Chinese consortium of investors led by Summitview Capital (the “Consortium”), in a transaction valued at approximately $639.5 million.
Under the terms of the transaction, the Consortium will acquire all of the outstanding shares of ISSI for US$19.25 per share in cash. Among other things, the investigation concerns whether the Consortium is underpaying for ISSI, and whether the ISSI Board of Directors adequately shopped the Company before agreeing to the transaction.
If you own shares of ISSI common stock and wish to discuss the legal ramifications of the investigation, or have any questions, contact Lundy Law who will, without obligation or cost to you, attempt to answer your questions. For more information you may contact David Promisloff, co-counsel to Lundy Law directly at 1-800-LundyLaw, or visit https://www.lundylaw.com/practice-areas/shareholder-actions/ . Attorney Advertising. Prior results do not guarantee a similar outcome.