English
MOSAID Advises Shareholders To Take No Action On Increased Wi-LAN Offer
OTTAWA, Ontario – Oct 19, 2011 - MOSAID Technologies Inc. (TSX:MSD) today advised shareholders not to take any action until further notice with regard to an announcement by Wi-LAN Inc. that it has increased its unsolicited offer to acquire MOSAID.
“MOSAID’s Special Committee is discussing potential value-enhancing alternatives with third parties and will review, consider and evaluate Wi-LAN’s bid in that context,” said Carl P. Schlachte, Chairman of the Board and Special Committee of MOSAID. “Following the Special Committee’s review, and before the expiry of Wi-LAN’s increased offer, the Board will provide a recommendation to shareholders.”
As previously disclosed, MOSAID continues to actively pursue negotiations with third parties that are in the process of reviewing MOSAID’s confidential information with a view to surfacing additional alternatives. MOSAID provided an update on its process to the Ontario Securities Commission last week during a hearing on MOSAID’s Shareholder Rights Plan.
MOSAID advises its shareholders not to tender to Wi-LAN’s increased offer before the Board provides its recommendation, which will be contained in an updated directors’ circular that will be mailed to shareholders and posted on the MOSAID website and on SEDAR.
Enquiries concerning Wi-LAN's take-over bid, including how to withdraw any shares that you have already tendered to the bid, may be directed to MOSAID's information agent, Georgeson Shareholder Communications Canada Inc., at 1-888-605-7632 or askus@georgeson.com.
About MOSAID
MOSAID Technologies Inc. is one of the world's leading intellectual property companies. MOSAID licenses patented intellectual property in the areas of semiconductors and communications, and develops semiconductor memory technology. MOSAID counts many of the world's largest technology companies among its licensees. Founded in 1975, MOSAID has offices in Ottawa, Ontario, Plano, Texas and Luxembourg. For more information, please visit www.mosaid.com and the InvestorChannel.mosaid.com.
|
||||||
Related News
- MOSAID Provides Update on Value-Enhancing Process and Urges Shareholders Not To Tender To Inadequate Wi-LAN Takeover Bid
- MOSAID Updates Shareholders On Special Committee Process, Addresses Wi-LAN Mischaracterizations
- MOSAID Board Unanimously Recommends That Shareholders Reject Wi-LAN's Hostile Takeover Bid
- WiLAN Provides Update on Offer to Acquire MOSAID
- WiLAN Raises All Cash Offer to Acquire MOSAID to $42.00 per MOSAID Share
Breaking News
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Cadence Unveils Arm-Based System Chiplet
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Esperanto Technologies and NEC Cooperate on Initiative to Advance Next Generation RISC-V Chips and Software Solutions for HPC
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards
|
E-mail This Article | 
|
|
Printer-Friendly Page |