NVM OTP in UMC (180nm, 153nm, 110nm, 90nm, 80nm, 55nm, 40nm, 28nm, 22nm)
MOSAID and Loeb Partners Reach Agreement
OTTAWA -- Sept. 25, 2006 -- MOSAID Technologies Incorporated (TSX: MSD) today announced further details regarding the agreement that was reached with Loeb Partners Corporation in advance of MOSAID's Annual General Meeting on Friday, September 22, 2006.
MOSAID confirms that the Board of Directors has been expanded to ten and that all ten nominees, including those proposed by management and Loeb, have been elected. Thomas Csathy remains as Chairman of the Board of Directors. The Special Committee of the Board of Directors, which is responsible for conducting the review of strategic alternatives, will be comprised of four directors: two from the MOSAID slate, and two from the Loeb slate, Mr. Gideon King and Mr. Eugene Davis. The chair of the Special Committee is Mr. Davis. The parties have agreed that if a specific strategic alternative is considered and voted down by the board, yet the two Loeb nominees of the Special Committee have voted to proceed with this alternative, then the vote may be put to the Company's shareholders.
MOSAID and Loeb Partners stated that they believe the agreement on the composition of the board, the Special Committee, and the shareholder voting mechanism is driven by a common interest in maximizing shareholder value, and is responsive to shareholder interest in having Loeb Partners represented on the MOSAID board.
About MOSAID
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Santa Clara, California, Newcastle upon Tyne, U.K, and Tokyo, Japan. For more information, visit www.mosaid.com.
|
Related News
- MOSAID and Samsung Reach Comprehensive Agreement
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- OIF Unveils CEI-112G-XSR+-PAM4 Extended Extra Short Reach Implementation Agreement, Paving the Way for Advanced Interconnectivity
- Intrinsic ID Signs Representation Agreement for South Korea with Progate Technology to Further Extend Commercial Reach of its PUF-Based Security Solutions in the Asia Pacific Region
- Intrinsic ID Signs Representation Agreement with Kaviaz Technology to Extend the Commercial Reach of its Physical Unclonable Function (PUF) Security IP Solutions in Taiwan
Breaking News
- Arteris Joins Intel Foundry Accelerator Ecosystem Alliance Program to Support Advanced Semiconductor Designs
- SkyeChip Joins Intel Foundry Accelerator IP Alliance
- Siemens and Intel Foundry advance their collaboration to enable cutting-edge integrated circuits and advanced packaging solutions for 2D and 3D IC
- Cadence Expands Design IP Portfolio Optimized for Intel 18A and Intel 18A-P Technologies, Advancing AI, HPC and Mobility Applications
- Synopsys and Intel Foundry Propel Angstrom-Scale Chip Designs on Intel 18A and Intel 18A-P Technologies
Most Popular
- QuickLogic Delivers eFPGA Hard IP for Intel 18A Based Test Chip
- Siemens collaborates with TSMC to drive further innovation in semiconductor design and integration
- Aion Silicon Joins Intel Foundry Accelerator Design Services Alliance to Deliver Next-Generation Custom SoCs at Scale
- TSMC Unveils Next-Generation A14 Process at North America Technology Symposium
- BOS Semiconductors to Partner with Intel to Accelerate Automotive AI Innovation
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |