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Stock Market & Financial Investment News

News Breaks
February 5, 2013
16:32 EDTMIPSMIPS holders to receive $8.01 per share from recapitalization, merger
MIPS Technologies announced that each holder of MIPS common stock will receive $6.21 in cash and 0.226276 shares of MIPS' common stock in the previously announced proposed recapitalization. As a result, the aggregate net proceeds to each holder of MIPS common stock, following the consummation of the previously announced proposed patent sale transaction with Bridge Crossing, the proposed recapitalization and the proposed acquisition by Imagination Technologies Group has increased to $8.01 per share in cash. The transactions remain subject to MIPS stockholder approval and other customary closing conditions. The MIPS annual meeting of stockholders to approve the transactions has been scheduled for February 6.
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