Transmeta shareholders to decide merger with Novafora Jan. 26

By Lisa Kerner

Charlotte, N.C., Jan. 5 - Transmeta Corp. will ask its shareholders to approve the company's merger with Novafora, Inc. at a special meeting at 11 a.m. ET on Jan. 26 in Santa Clara, Calif.

Record date for the meeting is Dec. 31.

The company's board of directors has unanimously approved the merger agreement and recommends that Transmeta stockholders vote in favor of the deal, according to a schedule 14A filed with the Securities and Exchange Commission.

In November, Transmeta announced it agreed to be acquired by Novafora for $255.6 million in cash, or about $18.70 to $19.00 per share.

Santa Clara, Calif.-based Transmeta develops and licenses computing, microprocessor and semiconductor technologies and related intellectual property.

Novafora is a privately held fabless semiconductor company in San Jose, Calif., that develops digital video processors.

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