Maxim Integrated buys Volterra Semiconductor

Analog and mixed-signal semiconductor maker Maxim Integrated Products, Inc. has entered into a definitive agreement to acquire Volterra Semiconductor Corp.for $23 per share, which represents a 55% premium to Volterra's closing share price on August 14, 2013. The transaction value is approximately $605 million equity value or $450 million net of Volterra's cash position of approximately $155 million. Pending regulatory approvals, Maxim's acquisition of Volterra is expected to close early in the December quarter,.

 Maxim Integrated is known for its highly integrated solutions. With Volterra, we will strengthen our position in the enterprise and communications markets,” said Tunç Doluca, Maxim's President and Chief Executive Officer. “We add a very talented team and leading-edge proprietary technology in high-current power management solutions, which further diversifies our business model.”