Genesis Microchip Inc. Employee Stock Purchase Plan Termination Notice January 15, 2008Employee Stock Purchase Plan Termination Notice • January 15th, 2008 • Genesis Microchip Inc /De • Semiconductors & related devices
As you may know, Genesis Microchip Inc. (“Genesis”) has entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, STMicroelectronics N.V. (“STM”), and Sophia Acquisition Corporation whereby Genesis will become a wholly owned subsidiary of STM (the “Merger”). The purpose of this letter is to summarize briefly the treatment of your participation in the Genesis Microchip Inc. 2007 Employee Stock Purchase Plan (the “ESPP”) in connection with the Merger.
