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VTSS Investor Forum

It's a Done Deal

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Well, it's a done deal! Micro-Semi has completed acquisition of Vitesse at $ 5.28/ share.
At the effective time of the merger, each outstanding share of Vitesse (other than shares directly owned by Vitesse and its subsidiaries, Microsemi or LLIU100 Acquisition Corp. and shares held by stockholders that are entitled to and properly demand appraisal of such shares under Delaware law) was converted into the right to receive $5.28 per share in cash, without interest and less any applicable withholding taxes, the same price that was paid in the tender offer. Following the merger, Vitesse shares will cease to be traded on Nasdaq (4/28/15).
It's sad in a sense that Vitesse looked like it finally, after all these years, had a chance to be a viable company with growth/earnings moving forward.

Good luck to all in your future endeavors!

Posted by Techinvestor - 7 years ago


0 Votes

What's the status of the distribution from the 2008 KPMG settlements. I checked the Berdon website and it still indicates awaiting court distribution. Has someone forgotten that VTSS owes a fair sum of money to its shareholders?

Posted by Pac5705 - 7 years ago

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