Mon, Dec 29, 2014, 4:37 AM EST - U.S. Markets open in 4 hrs 53 mins

Recent

% | $
Quotes you view appear here for quick access.

Vitesse Semiconductor Corp. Message Board

  • stockyardbull4 stockyardbull4 Jun 12, 2013 9:08 AM Flag

    News

    Columbia to request Vitesse form committee to explore sale
    Columbia Pacific Advisors, owner of 9.82% of Vitesse's outstanding shares, said in a regulatory filing that one of the factors depressing the price of shares is investor concern about debt maturities beginning in February 2014 and actions the company may take in order to satisfy these obligations. Columbia Pacific intends to engage with the company's board to discuss its capital structure and may propose refinancing alternatives. In addition, Columbia believes Vitesse's intellectual property and new products may be more valuable to a strategic buyer than to the public market, even if the refinancing risk is addressed. Therefore, Columbia said it will request that the board form a special committee to explore a potential sale of the company.

 
VTSS
3.91-0.01(-0.26%)Dec 26 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Harley-Davidson, Inc.
NYSEFri, Dec 26, 2014 4:03 PM EST
Sasol Ltd.
NYSEFri, Dec 26, 2014 4:02 PM EST
ARMOUR Residential REIT, Inc.
NYSEFri, Dec 26, 2014 4:01 PM EST