October 1, 2013,?? Maxim Integrated Products, Inc. (NASDAQ:MXIM) ("Maxim") today announced the successful completion of Maxim's acquisition of Volterra Semiconductor Corporation ("Volterra").
Volterra's high-current, high-performance, and high-density power management solutions provide the best power and density ratio available for the server, storage, cloud computing, communications, and networking markets. Volterra's portfolio of highly integrated products enables better performance, smaller form factors, enhanced scalability, improved system management, and lower total cost of ownership.
As a result of the merger, Volterra became a wholly owned subsidiary of Maxim. In the merger, each remaining share of Volterra that was not validly tendered in the Offer was cancelled and converted into the right to receive the same $23 per share in cash that was paid in the Offer. The common stock of Volterra ceased to be traded on the NASDAQ Global Select Market at the close of market on October 1, 2013, and will no longer be listed. Maxim will mail to all Volterra stockholders who did not tender their shares in the tender offer information regarding the merger.