Pixelworks CEO Todd DeBonis Urges Shareholders Vote For Proposed Sale Of Pixelworks Semiconductor Technology Unit To VeriSilicon
Benzinga Newsdesk 12 months ago
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Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today published the following letter to shareholders from Todd DeBonis, President and CEO.Dear Fellow
Pixelworks, Inc. (NASDAQ: PXLW), a leading provider of innovative video and display processing solutions, today published the following letter to shareholders from Todd DeBonis, President and CEO.
Dear Fellow Shareholders,
I am reaching out to you today about an important strategic transaction that you will be considering at our upcoming special meeting of shareholders. The Board of Directors of Pixelworks, Inc. ("Pixelworks"), has unanimously recommended that you vote FOR the proposed sale of our majority-owned subsidiary, Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. ("Pixelworks Shanghai"), to VeriSilicon (www.verisilicon.com), as described in the proxy statement that was previously distributed to shareholders.