Digital Video Chipmaker Tvia to Raise $11.9 Million in Private Placement
 Santa Clara, Calif. - Tvia, a maker of digital display processors used in flat-panel TVs, broadcast digital DVRs and consumer display and monitor products, said on Wednesday that it plans to raise $11.9 million through a private placement. The Santa Clara, Calif.-based company said that it well sell nearly 4.8 million shares for $2.50 each to selected institutional investors. The deal is expected to close on Friday. Tvia said that it will use the proceeds to fund the company's growth.
http://www.tvia.com/index.cfm?page=body&crid=17&contentid=226
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