MaxLinear (MXL) Guides Q1 Revs Above Expectations
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MaxLinear (MXL) to Acquire Entropic (ENTR) in $287M Deal
February 3, 2015 4:28 PM ESTMaxLinear (NYSE: MXL) and Entropic Communications, Inc. (Nasdaq: ENTR) (or "Entropic"), a world leader in semiconductor solutions for the connected home, today announced that they have signed a definitive agreement for MaxLinear to acquire Entropic. The boards of directors of both MaxLinear and Entropic have unanimously approved the transaction.
Entropic shareholders will receive (i) $1.20 per share in cash and (ii) 0.2200 shares of MaxLinear common stock for each Entropic common share outstanding. Based on MaxLinear's closing stock price on February 2, 2015, the merger consideration is valued at approximately $3.01 per Entropic... More
