MaxLinear and Entropic Announce Early Termination of Hart-Scott-Rodino Waiting Period for MaxLinear's Pending Acquisition of Entropic

MaxLinear, Inc. (NYSE: MXL) (or "MaxLinear") and Entropic Communications, Inc. (Nasdaq: ENTR) (or "Entropic") today announced that the U.S. Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) with respect to MaxLinear's pending acquisition of Entropic.As previously announced on February 3, 2015, MaxLinear and Entropic entered into a definitive agreement under which MaxLinear would acquire Entropic for (i) $1.20 per share in cash and (ii) 0.2200 of a share of MaxLinear common stock for each Entropic common share outstanding. Termination of the HSR Act waiting period satisfies one of the conditions to closing of the proposed transaction. The closing of the transaction is also subject to approval of the stockholders of both MaxLinear and Entropic, and other closing conditions, including the effectiveness of MaxLinear's Registration Statement on Form S-4. Subject to the satisfaction of these other conditions, the transaction is expected to close in the second quarter of 2015.