Exar to Buy Altior for Initial $5M in Cash, Stock

Exar Corporation

, a leading provider of high performance analog mixed-signal products and data management solutions, today announced that it will acquire the assets of Altior Inc., a privately held company in Eatontown, New Jersey.  The transaction, expected to close on March 22, 2013, includes $5.0 million in initial consideration to be paid in a combination of cash and stock and a three-year earn-out against net revenue contributed by Altior. The impact to the Company's guidance for the fourth quarter of fiscal year 2013 is expected to be immaterial.