Final $11.4M Shareholder Payout Will Cap Sigma Designs' Dissolution
Sigma Designs shareholders of record through Aug. 3 will get a final payout of 28 cents a share under a board-approved plan to finish liquidating and dissolving the company. The former Z-Wave owner and once-formidable SoC supplier -- it was…
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the first to announce Dolby Vision support in September 2014 (see 1409040067) -- “has been working to wind down all of its operations and resolve all outstanding creditor claims,” it said Friday. Shareholders approved the liquidation plan more than two years ago, but phasing out Sigma subsidiaries in Europe and Asia “has taken longer than originally anticipated,” it said. The final distribution of $11.4 million will bring to $252 million “the total amount of cash returned to shareholders,” it said.