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Cypress Semiconductor Corporation Sends Letter To Board Of Directors...
2015-05-30 10:01:07| Electronics - Topix.net
Given that our proposal is financially superior, has significantly less closing risk than the consortium's proposal , and has no financing risk or conditions, Cypress asks that your board of directors immediately determine that the terms of the attached Merger Agreement constitute a "Superior Proposal" under the terms of the Agreement and Plan of Merger, dated While we have invested significant time and effort in due diligence over the past 10 days, we must express frustration as to the slow pace at which we were given access to the data room as well as the slow pace at which documents were posted.i 1 2 As we have now been shut out of the data room, we request that our access to the data room be restored as quickly as possible in order to finalize our due diligence, which we expect to complete within five days, assuming full cooperation.
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Category:Electronics and Electrical