Business
Tundra Semiconductor Obtains Interim Order and Mails Information Circular for Special Meeting
OTTAWA, May 21 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX: TUN) today announced that Tu...
About this update from Tarku Resources Ltd
[{"type":"text","content":"\n\n\n\nOTTAWA, May 21 /CNW Telbec/ - Tundra Semiconductor Corporation (TSX: TUN)\ntoday announced that Tundra has mailed to its shareholders a management proxy\ncircular (the "Circular") and other materials, in connection with the special\nmeeting of shareholders of Tundra (the "Special Meeting") to be held on June\n15, 2009. At the Special Meeting Tundra shareholders will be asked to vote on\na special resolution to approve a proposed plan of arrangement pursuant to\nwhich 4440471 Canada Inc., a wholly-owned Canadian acquisition subsidiary of\nIntegrated Device Technology, Inc. (NASDAQ: IDTI), will acquire all of the\nissued and outstanding shares of Tundra (the "Arrangement"). The proposed\nArrangement was announced on April 30, 2009.\n\n\nThe Special Meeting will be held at 11:00 a.m. (EST) on Monday, June 15,\n2009 at The Marshes Golf Club, 320 Terry Fox Drive, Ottawa, Ontario. Tundra\nshareholders of record as of 5:00 p.m. (EST) on May 15, 2009 will be entitled\nto vote in person or by proxy at the Special Meeting.\n\n\nOn May 15, 2009, the Ontario Superior Court of Justice granted an interim\norder providing for the calling and holding of the Special Meeting and certain\nother matters related to the Special Meeting and the Arrangement. A copy of\nthe interim order is included in the Circular.\n\n\nThe Circular includes the unanimous determination of Tundra's Board of\nDirectors (other than Mr. Fred Shlapak, an interested Director who did not\nparticipate in the decision) that the Arrangement is fair to Tundra\nshareholders and in the best interests of Tundra and the unanimous\nrecommendation of Tundra's Board of Directors (other than Mr. Shlapak) that\nTundra shareholders vote FOR the special resolution approving the Plan of\nArrangement.\n\n\nThe Board of Directors of Tundra provides detailed reasons for its\nrecommendation in the Circular, which may be accessed under Tundra's profile\nat www.sedar.com. The Board of Directors of Tundra encourages Tundra\nshareholders to review the Circular when it is received or to access the\nCircular at www.sedar.com or on Tundra's website at www.tundra.com.\n\n\nTundra shareholders with questions about the Arrangement or submitting\nproxies are encouraged to contact Georgeson Shareholder Communications Canada\nInc., toll-free, at 1-866-413-8829.\n\n\nAbou...