Sigma Announces $6-Per-Share Distribution Under Dissolution Plan

Sigma Designs’ board approved an initial distribution of $6 per share to shareholders in accordance with a voluntary plan of liquidation and dissolution approved by shareholders April 17 after Silicon Labs’ April purchase of its Z-Wave business for $240 million (see 1806130035), it said Friday. Sigma plans to make at least one more distribution, with timing and amount dependent on claims by vendors, customers or other parties, the ability to defend and settle claims, taxes and wind down expenses, it said.