Market Overview

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

Related EXAR
Exar Releases Enhanced AC Step Driver For LED Lighting Market
Morning Market Movers
3D Systems-Henry Schein Pen Deal to Sell 3D Dental Products - Analyst Blog (Zacks)

Exar Corporation (Nasdaq: EXAR), 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.

Posted-In: News M&A


Related Articles (EXAR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content