{"id":4889,"date":"2006-08-17T00:00:00","date_gmt":"2006-08-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-demands-sale-of-mosaid","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/08\/2006\/hedge-fund-demands-sale-of-mosaid.html","title":{"rendered":"Hedge fund demands sale of Mosaid"},"content":{"rendered":"<p>EETimes.com &#8211; Loeb Partners Corp., a New York-based hedge fund, has submitted a letter to fabless chip and intellectual property (IP) vendor Mosaid Technologies Inc.&#8217;s board of directors, proposingthat the company be sold.<\/p>\n<p>  In the letter, which can be viewed on <a href=\"http:\/\/www.mosaid.com\/\">Mosaid&#8217;s Web site,<\/a> Loeb asserts that Mosaid (Ottawa, Canada) is &#8220;at an important strategic inflection point in light of  the fact that the company has licensed the better part of the commodity DRAM industry.&#8221;<\/p>\n<p>  The letter, dated Aug. 15, goes on to say that Mosaid&#8217;s board and management team &#8220;must with dispatch hire an investment banking firm, the mandate of which is to maximize value for shareholders by  addressing the structural impediments to Mosaid&#8217;s garnering multiples in line with peers. More specifically, the board must clear the way for a prompt sale of the company to the highest bidder.&#8221;<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.eetimes.com\/news\/latest\/showArticle.jhtml%3FarticleID%3D192201516&amp;cid=1108811835&amp;ei=1TLkRKb0JIeSogKkr5SDCQ\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EETimes.com &#8211; Loeb Partners Corp., a New York-based hedge fund, has submitted a letter to fabless chip and intellectual property (IP) vendor Mosaid Technologies Inc.&#8217;s board of directors, proposingthat the company be sold. In the letter, which can be viewed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4889","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4889"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4889\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}