Maxim Integrated Inks $605M Deal For Volterra

Law360, New York (August 15, 2013, 1:42 PM EDT) -- Maxim Integrated Products Inc. said on Thursday it has inked a $605 million deal to acquire California-based Volterra Semiconductor Corp., a move the analog technology company hopes will give it an edge in the growing power management market.

The companies expect to launch a tender offer for Volterra shares in the next few days at $23 a pop, a  55 percent premium over Wednesday's closing price, Maxim said. Maxim will fund the acquisition with its available cash, which totals $1.2 billion, company representatives said during a...
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