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Wednesday, May 27, 2020

Equity Corporate Actions Alert #2020 - 94
(Merger effective) Information Regarding the Merger of TiVo Corporation (TIVO) and Xperi Corp (XPER)

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  • Industry Announcement

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At special meetings to be held on May 29, 2020, the shareholders of TiVo Corporation (TIVO) and Xperi Corp (XPER) approved a merger transaction. The merger closed prior to the market open on June 1, 2020, TIVO was halted immediately following the after-hours session at 8 p.m. on May 29, 2020. TIVO will remain halted on the day of closing (June 1st) and will be suspended effective June 2, 2020. The suspension details are as follows:

Company Name/Issue: TiVo Corporation Common Stock
CUSIP#: 88870P106
Symbol: TIVO
Last Trading Date: May 29, 2020
Marketplace Effective Date for Suspension: June 2, 2020
Merger Consideration: .455 of a share of Xperi Holding Corporation (XPER) for each share held.

As a result of the merger, Xperi Corp (XPER) will undergo a Holding Co Reorganization and change to its corporate name and CUSIP number. The details are as follows:

Current Company Name/Issue: Xperi Corporation Common Stock
New Company Name/Issue: Xperi Holding Corporation Common Stock
Current CUSIP#: 98421B100
New CUSIP#: 98390M103
Symbol: XPER
Marketplace Effective Date : June 2, 2020

If you would like to register as a market maker in XPER, contact Nasdaq Trading Services at +1 212 231 5100.

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