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million deal. Tiberius, which had previously sought a minimum tender of a majority ofthe company’s nearly 9.2 million is now seeking a minimum tender condition of 3 million shares. The tendert offer has also been extended toJuly 20. Executiveds with MathStar, which shut down more than year ago, have urgec shareholders to reject Tiberius’ previous offers, which it deemef too low. The company has said it is considerinbg at least twoalternate paths, including a possible merger with anothefr semiconductor company or restarting operations aftert acquiring new technology. MathStart shares jumped 3.4 percent Monday to $1.212 per share. It has a 52-week range between 63 cente and $1.49.
MathStar was formerly based in Minneapolis.
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