Friday, March 13, 2009
Microchip acquires 6.1% of Supertex in last 60 days
From today's Supertex 13D filing: "An aggregate of 594,300 shares of Common Stock reported in this Schedule 13D as being beneficially owned by Microchip were acquired in open market purchases. The remaining aggregate of 191,900 shares were acquired pursuant to the exercise of put options sold by Microchip. The aggregate purchase price for the shares of Common Stock purchased by Microchip in open market purchases and pursuant to the exercise of put options was $16.9 million. The source of funding for the purchases of such shares was the general working capital of Microchip........According to the Issuer’s Quarterly Report on Form 10-Q for the Quarter Ended December 27, 2008, filed with the Securities Exchange Commission on February 4, 2009, there were 12,869,095 shares of Common Stock issued and outstanding as of January 30, 2009. Based on such information and including the transactions described in Item 5(c) below, Microchip reports beneficial ownership of 786,200 shares of Common Stock, which represents 6.1% of the total number of issued and outstanding shares of Common Stock. Voting and dispositive power with respect to such shares of Common Stock is held solely by Microchip."
Posted by Roy Kaller at 10:48 AM