Legal Announcements – LawFuel.com – Davis Polk & Wardwell is advising Novafora, Inc. on tax matters regarding its approximately $255.6 million cash acquisition of Transmeta Corporation. Transmeta stockholders are expected to receive between $18.70 and $19.00 for each outstanding share of Transmeta’s common stock, subject to working capital and other adjustments. The transaction is expected to close during the first quarter of 2009 and is subject to approval by Transmeta’s shareholders and to other customary closing conditions.
Novafora is a San Jose, California–based video processor company enabling original equipment manufacturers to deliver on the promise of the digital video revolution – the highest quality video, anywhere, on any display device and at any time. Santa Clara, California-based Transmeta develops and licenses innovative computing, microprocessor and semiconductor technologies and related intellectual property.
The Davis Polk tax team includes partner Rachel D. Kleinberg and associate M. Ryan LaRosa, both of the Menlo Park office