Micrel (MCRL) to Hold Special Meeting After Request from Obrem Capital Management LLC
More News related to MCRL
- Micrel (MCRL) Tops Q3 EPS by 4c; Guides Above the Street
- Micrel Reports 2009 Third Quarter Financial Results
- Trading Radar for 10/22: AT&T (T), McDonalds (MCD), Amazon.com (AMZN), 3M (MMM), Dow Chemical (DOW), UPS (UPS) Report
- Micrel Schedules Third Quarter 2009 Earnings Release and Conference Call
- Micrel Pushes the Envelope by Expanding Hyper Speed Control(TM) Family With World's First High Delta-V, 40V DC-DC Controller
More News related to Corporate News
- Hydrogenics Resumes Trading Under NASDAQ Symbol "HYGS"
- Varian Medical (VAR) to Highlight its New Range of Detectors at Annual RSNA Meeting in Chicago
- Manulife (MFC) Confirms No Exposure to Dubai World
- Activision's (ATVI) Call of Duty Amasses $3 Billion in Global Sales
- Seiko Epson to Transfer Sales Function of Small and Medium-Sized TFT LCD Business to Sony (SNE)
Micrel, Incorporated (Nasdaq: MCRL) announced that, in response to the request received from Obrem Capital Management LLC ("OCM") and certain of its affiliates, a Special Meeting of Shareholders will be held on Tuesday, May 20, 2008. The meeting will take place at Micrel's Worldwide Headquarters at 2180 Fortune Drive, San Jose, California, at 10:00 am PDT. Shareholders as of the record date of April 3, 2008, will be eligible to vote at the meeting.
Raymond Zinn, President, CEO and Chairman of Micrel said, "We continue to oppose OCM's nominees on the basis that they have very limited semiconductor industry and operating experience and we believe it is clear that OCM is attempting to take control of Micrel in order to secure a quick, opportunistic gain for themselves at the expense of other shareholders. We believe Micrel is taking the necessary steps, both in terms of its board of directors and the senior management of the Company, to outpace our industry's revenue growth rate. We look forward to the Special Meeting, which will provide shareholders an important opportunity to support our deeply committed Board of Directors, and to putting this matter behind us and focusing exclusively on running the Company and creating shareholder value."
Micrel, Incorporated (Micrel) designs, develops, manufactures and markets a range of high-performance analog power integrated circuits (ICs), mixed-signal and digital ICs. [SM]
Related Categories
Corporate NewsStocks Mentioned
-0.19Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
