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Maxim Integrated Products Inc's Victory Merger Sub, Inc. Announces One-Day Extension of Tender Offer for Outstanding Shares of Volterra Semiconductor Corp, to October 1, 2013


Monday, 23 Sep 2013 09:00pm EDT 

Maxim Integrated Products Inc announced 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 Corp 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 on October 1, 2013, unless the Offer is further extended. The Offer had previously been scheduled to expire on September 30, 2013. Computershare Inc., the depositary for the Offer, has indicated that 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. The Offer was extended by the mutual agreement of Maxim, the Purchaser and Volterra to accommodate Maxim's desire to consummate the transaction in the second quarter of Maxim's fiscal year 2014. 

Company Quote

33.26
-0.85 -2.49%
1:18pm EDT