- Additional Proxy Soliciting Materials (definitive) (DEFA14A)
November 17 2008 - 5:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
Filed by the Registrant
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Filed by a Party other than the Registrant
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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Transmeta Corporation
(Name of Registrant as Specified In Its Charter)
Novafora, Inc.
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Per unit price or other underlying value of transaction computed pursuant to Exchange
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Proposed maximum aggregate value of transaction:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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Date Filed:
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Filed by Novafora, Inc.
Pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Transmeta Corporation
Commission File No.:
Novafora to Acquire Transmeta
San Jose, California November 17, 2008
Novafora, Inc., a developer of video processors, today
announced that it has entered into a definitive agreement to acquire Transmeta Corporation (NASDAQ:
TMTA) for $255.6 million in cash subject to certain adjustments. Transmeta stockholders are
expected to receive between $18.70 and $19.00 for each outstanding share of Transmetas common
stock, subject to working capital and other adjustments.
Transmetas innovative technology and the expertise of its employees are valuable additions to
Novafora, said Zaki Rakib, CEO of Novafora. Adding Transmetas power management technology to
our video processor will advance our vision of making our products applicable across the broadest
range of video-oriented devices and help Novaforas mission to fulfill the promise of the digital
video revolution the highest quality video, anywhere, on any device and at any time.
Since its founding in 1995, Transmeta has been recognized for its innovative computing,
microprocessor and semiconductor technologies, and in particular, its line of x86-compatible
software-based microprocessors. In recent years the companys business model has increasingly
focused on licensing its technologies and related intellectual property.
Novafora expects to complete its acquisition of Transmeta during the first quarter of 2009 upon
approval by Transmetas shareholders and subject to other customary closing conditions.
Novaforas advisors in this transaction are GCA Savvian and the law firms of Gunderson Dettmer
Stough Villeneuve Franklin & Hachigian, LLP, Gross Kleinhendler Hodak Halevy Greenberg & Co. (GKH)
and Davis Polk & Wardwell.
About Novafora
Novafora is a video processor company enabling OEMs to deliver on the promise of the digital video
revolution the highest quality video, anywhere, on any display device and at any time. Novafora
was founded in 2004 by a group of successful entrepreneurs and video experts and is
backed by leading venture capital firms. More information on the company can be found on its
website
www.novafora.com
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Forward-Looking Statements
This press release contains forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 concerning Novafora and the proposed
acquisition of Transmeta, including, among other things, the likelihood and expected time table for
completing the acquisition and the potential benefits of the proposed acquisition. All statements
other than statements of historical fact are statements that could be deemed forward-looking
statements. All forward-looking statements in this press release are made based on managements
current expectations and estimates, which involve risks, uncertainties and other factors that could
cause results to differ materially or adversely from those expressed in the forward-looking
statements. These statements involve a number of risks and uncertainties including, but not limited
to, the satisfaction of closing conditions to the proposed acquisition, failure of Transmeta
stockholders to approve the proposed acquisition, estimates of Transmetas operating costs prior to
closing the proposed acquisition, costs related to the proposed acquisition, Novaforas ability to
incorporate the Transmeta technology into its products, the ability of Novafora to fulfill the
promise of the digital video revolution, general economic and political conditions in the U.S. and
abroad, and other risks affecting Novaforas and Transmetas respective businesses generally,
including, with respect to Transmeta, those risks discussed in Transmetas most recent reports on
Forms 10-K and 10-Q. Novafora does not undertake any obligation to update forward-looking
statements made herein, and such forward-looking statements speak only as of the day hereof.
Additional Information and Where to Find It
In connection with the proposed transaction and required stockholder approval, Transmeta will file
with the Securities and Exchange Commission (SEC) a preliminary proxy statement, a definitive
proxy statement and other documents relevant to the proposed transaction. The definitive proxy
statement will be mailed to the stockholders of Transmeta. TRANSMETAS SECURITY HOLDERS ARE URGED
TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TREANSACTION AND TRANSMETA. Transmeta intends to mail
the proxy statement to its stockholders as soon as practicable. Investors and security holders may
obtain free copies of these documents (when they are available) and other documents filed with the
SEC at the SECs web site at
www.sec.gov
. In addition, investors and security holders may
also obtain free copies of the documents filed by Transmeta with the SEC by contacting Transmeta
Investor Relations (Kristine Mozes, 781-652-8875).
Participants in Solicitation
Transmeta, and its directors, executive officers, and employees may be deemed to be participants in
the solicitation of proxies from the stockholders of Transmeta in connection with the proposed
acquisition and related items. Information regarding the directors and executive officers of
Transmeta and their ownership of Transmeta stock is set forth in Transmetas proxy statement for
Transmetas 2008 annual meeting of stockholders, which was filed with the SEC on August 25, 2008.
Investors and stockholders may obtain additional information regarding the interests of those
participants by reading the proxy statement relating to the proposed acquisition when it becomes
available. Investors and security holders will be able to obtain a copy of that proxy statement
free of charge at the SECs web site at
www.sec.gov
.
Media & Business Contacts
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Media Contact:
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Business Contact:
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John Giddings
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Dushyant Desai
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Mobility Public Relations
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Vice President of Marketing, Novafora
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650-245-2782
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408-582-5300
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jgiddings@mobilitypr.com
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dushyant.desai@novafora.com
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