Posted by Jack Davis on June 25th, 2008 at 6:22 pm | Categorized as Asyst Technologies, Governance, Mergers and Acquisitions, hedge funds, proxy fights | Tagged as Asyst Technologies, Governance, M&A, proxy fights, Semiconductor industry
Asyst Technologies, the Fremont chip-making equipment manufacturer, said that it received word that a hedge fund run by Bryant Riley intends to nominate its own slate of six directors to “in an attempt to gain control of Asyst’s Board of Directors,” according to a press release put out by Asyst Wednesday afternoon. If elected, the new directors “intend to sell (Asyst) through an auction process” according to the release. Read the rest of this entry »
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Posted by Jack Davis on June 19th, 2008 at 1:59 pm | Categorized as Electronic Arts, Mergers and Acquisitions | Tagged as Electronic Arts, FTC, M&A, Take-Two Interactive
Take-Two Interactive Software says it reached agreement with the Federal Trade Commission to “appropriately limit the scope of its production of information and witnesses” in connection with the FTC’s review of San Mateo-based Electronic Arts’ bid to buy the New York developer of entertainment software, including the blockbuster hit Grand Theft Auto IV, according to a
filing the company made with the SEC today. Read the rest of this entry »
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Posted by Jack Davis on June 17th, 2008 at 12:54 pm | Categorized as Cadence Designs | Tagged as Cadence Design, EDA software, hostile takeovers, M&A, Mentor Graphics
In a letter that began “Dear Wally”, Cadence Design Chief Executive Michael Fister explained to Walden Rhines, his counterpart at Mentor Graphics, why he was forced to go public with their offer to buy Mentor two months after the wooing began, so far to no avail. Read the rest of this entry »
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