Maxim Extends Tender Offer for Outstanding Shares of Volterra Semiconductor to October 1, 2013
Maxim Integrated Products, Inc. (NASDAQ: MXIM) ("Maxim") announced today that it has extended by one day the expiration date of the tender offer (the "Offer") by its wholly owned subsidiary, Victory Merger Sub, Inc. (the "Purchaser"), to purchase all of the outstanding shares of Volterra Semiconductor Corporation (NASDAQ: VLTR) ("Volterra") for a price of $23 per share in cash, without interest (less any applicable withholding taxes).
The Offer and withdrawal rights described in the offering documents have been extended and will now expire at 9:00 a.m., New York City time, on Tuesday, October 1, 2013, unless the Offer is further extended. The Offer had previously been scheduled to expire at 9:00 a.m., New York City time, on Monday, September 30, 2013. Computershare Inc., the depositary for the Offer, has indicated that as of 9:00 a.m., New York City time, on September 23, 2013, a total of 42,701 Volterra shares had been tendered, representing approximately 0.1367% of the outstanding shares of Volterra. No shares had been tendered by notice of guaranteed delivery.