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Exar Corporation
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.
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