$605M Volterra Buyout Is 2nd To Use New Del. Tender Offer

Law360, New York (August 19, 2013, 6:58 PM EDT) -- Maxim Integrated Products Inc.'s $605 million deal for Volterra Semiconductor Corp., whose agreement was released Monday, is the second to take advantage of new quick-close tender offer rules in Delaware, though both buyers appear to be hedging their bets.

The parties will use a three-week-old law — known as 251(h), after the new subsection of state law in which it appears — to allow Maxim to close immediately upon getting a simple majority of shares in a tender offer it expects to launch in the next...
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