MaxLinear $700 million acquisition of Exar

29/3/2017

Public acquisition

Value:

$ 700 million

Status:

Announced

Date:

29/3/2017

Overview:

MaxLinear has acquired fellow chip maker Exar in a $700 million deal.
MaxLinear is funding the transaction through available cash and a $425 million term loan.
Stifel acted as financial adviser for MaxLinear and Cowen & Company acted for Exar.
The transaction is expected to close in the second quarter of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:

Pillsbury Winthrop Shaw Pittman

Party: Exar (Target)

Lawyer: James Masetti

Wilson Sonsini Goodrich & Rosati

Party: MaxLinear (Acquirer)

Lawyers: John Mao, Robert Kornegay

Related deals