Faced with a lackluster voter turnout, Advanced Micro Devices announced Tuesday it is extending the deadline for its shareholders to vote on the proposed spin-off of its manufacturing business.
AMD, which in October announced plans to spin off its manufacturing operations, failed to get a quorum of its shareholders to vote on the issue. As a result, the deadline for casting votes has been extended to February 18. A majority of the shares is required to vote to establish a quorum.
The chipmaker reported that as of Tuesday, 42 percent of the eligible shares had been cast. Of this group, … Read more