Thursday, August 15, 2013

Maxim Buys Volterra For $605M

San Jose-based Maxim Integrated Products has acquired Volterra Semiconductor Corp., in a deal worth $605M in equity value. Maxim said this morning that it will pay $23 per share for publicly held Volterra, a premium of 55 percent over Volterra's closing price yesterday. The deal has a $450M net transaction value after subtracting Volterra's cash position of approximately $155M. Volterra develops power management semiconductors.