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General

MaxLinear buys Exar for USD 700 mln in cash

Thursday 30 March 2017 | 08:40 CET | News
MaxLinear has bought Exar, a developer of high performance analogue mixed-signal ICs and sub-system solutions, for USD 13.00 per share in cash, a total of about USD 700 million, or USD 472 million net of Exar's cash acquired. MaxLinear will finance the deal from cash at hand and a USD 425 million term loan. The transaction is expected to close in the second quarter of the year, subject to customary closing conditions and US regulatory approvals. The acquisition will immediately add to adjusted earnings per share, and increase free cash flow. Within 12 months from completion, Maxlinear said it

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Categories: General
Companies: MaxLinear
Countries: World
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