Maxim To Buy Volterra Semiconductor For $23 Per Share - Quick Facts

(RTTNews) - Maxim Integrated Products, Inc. (MXIM) announced it has entered into a definitive agreement to acquire Volterra Semiconductor Corp. (VLTR) for $23 per share. The transaction value is approximately $605 million equity value or $450 million net of Volterra's cash position of approximately $155 million. Maxim expects the transaction to be immediately accretive to its GAAP earnings per share, excluding special items.

Volterra is an industry leader in high-current, high-performance, and high-density power management solutions. The company develops highly integrated solutions primarily for the enterprise, cloud computing, communications, and networking markets.