|
|
Article: TiVo Receives Shareholder Support for Private Placement.
- Article from:
- PR Newswire
- Article date:
- August 2, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SAN JOSE, Calif., Aug. 2 /PRNewswire/ --
As announced on July 24, 2001, TiVo (Nasdaq: TIVO) is planning to raise $50 to $75 million in a private placement to accredited investors (see "TiVo Plans Private Placement Financing - July 24, 2001"). We recently received certifications from our eleven largest stockholders, representing approximately 57% of our outstanding voting securities, that if we were to hold a stockholders' meeting, they would vote in favor of the proposed transaction. As a result, the Nasdaq has determined that we have satisfied our stockholder approval obligations.
See below for the text of a letter we will distribute to stockholders ...