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Transmeta investor demands shareholder list

By Associated Press
June 5, 2008 | Comments (0)

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Riley Investment Management LLC has demanded a list of Transmeta Corp. shareholders in order to solicit proxies prior to the technology licensing company's 2008 annual meeting, according to a regulatory filing Thursday.

In May, the shareholder said it was nominating founder and Managing Member Bryant Riley and Melvin Keating, president and chief executive of Alliance Semiconductor Corp., for election to the board. Bryant Riley, 41, beneficially owns a 9.2 percent stake in the Santa Clara, Calif.-based company.

Riley Investment previously offered to buy the company's outstanding shares for $15.50 apiece. The investor had also said as an alternative it would accept replacing Transmeta's entire board with its own representatives.

Transmeta shares rose 28 cents to close at $14.49.

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