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In a filing with the , MathStar (Pinmk Sheets: MATH), a Hillsboro-based fablessa semiconductor company that has been shut down for more than a saidthe $1.28 per share mergerr offer from building performance software makefr is less than the company’se value if it were to MathStar has estimated its liquidation value at $1.40 per share. But PureChoice CEO Bryan Reichel in his fourth attempt to buy the company argued last month the value would be closerto $1.
255 per share after accounting for a liquidation process that could eat up three years and $2 It’s the second tender offed rejected by MathStar in a Last week, the company’s board recommendefd that shareholders reject a tender offed made last month by LLC, whicy wanted to buy 51 percent of the company for $1.165 per share. In an SEC filing, MathStafr said it was mulling twobetter options: a potentiall merger with an unidentified privat e company, and restarting operations thanks to an opportunity to acquire a new videp technology similar to one previouslyt created by MathStar. several shareholders have urged MathStarto liquidate.
A vote on the liquidatio is scheduled atthe company’s annualk shareholders meeting July 10 in Minneapolis. MathStarf shares closed at $1.17 They have a 52-week range between 63 centsa and $1.64.
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