Maxim Gets Antitrust OK For $605M Microchip Merger

Law360, New York (September 9, 2013, 6:46 PM EDT) -- The antitrust waiting period ran out Friday for Maxim Integrated Products Inc.'s acquisition of Volterra Semiconductor Corp., allowing the $605 million microchip merger to move ahead.

Maxim is currently soliciting Volterra shares in a tender offer that expires Sept. 21. The $23-per-share deal values Volterra's equity at $450 million, plus its $155 million cash pile.

If it gets a simple majority — half plus one share — Maxim will be able to close the entire transaction, courtesy of a new Delaware law that can make tender...
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