2008-11-18 20:54:57 - A law firm is currently investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Transmeta Corporation (TMTA).

According to a press release a law firm is currently investigating possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Transmeta Corporation (NASDAQ: TMTA).
If you currently own Transmeta Corporation (NASDAQ: TMTA) shares, or have information relating to this investigation of the law firm, please contact the Shareholders Foundation, Inc. immediately! Email: Mail(at)ShareholdersFoundation.com

or call us today: +1-(858)-779-1554. According to the press release possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Transmeta Corporation (NASDAQ: TMTA) arising out of their attempt to sell Transmeta Corp. to Novafora Inc. Under the terms of the agreement, Transmeta Corporation (NASDAQ: TMTA) shareholders are to receive between $18.70 and $19.00 per share in cash for each Transmeta Corp share they own for a total offer price of approximately $255.6 million. According to the investigation the price is unfair given that, as of September 20, 2008, Transmeta Corp. (NASDAQ: TMTA) had $255 million in cash and cash equivalents, which in effect, values the Transmeta Corp's operations and intellectual property at zero.