Riley Investments settles proxy battle with Transmeta corp

July 30th, 2008
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In February of 2008, Riley Investment Management, an investment adviser, made an unsolicited offer to the Transmeta Corporation to buy all outstanding shares of the company and its affiliates for $15.50 per share in cash, subject to numerous conditions. Transmeta Corporation was founded in 1995. Transmeta develops and licenses computing, microprocessor and semiconductor technologies and related intellectual property. The deal was settled in July of 2008 when Transmeta expanded its board of directors and elected two of Riley's candidates to its board; J. Michael Gullard and Bryant R. Riley.
For Detailed Investor Profiles on these Investors, click below:
Riley Investment Management
Related People: Bryant Riley
Related Entities: B. Riley & Co., Inc.; B. Riley and Co. Retirement Trust; Riley Investment Partners Master Fund LP; SACC Partners

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