 After Commodore's bankruptcy in 1994, Commodore Semiconductor Group, MOS's successor, was bought by its former management for about $4.3 million, plus an additional $1 million to cover miscellaneous expenses including EPA license.Dennis Peasenell became CEO.In December 1994, they entered into a Prospective Purchase Agreement (limiting the company's liability in exchange for sharing the costs of cleanup) with GMT Microelectronics.