secwatch.observer — SEC 8-K summary
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Issuer:     MAXLINEAR, INC (MXL)
CIK:        0001288469
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056176
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MaxLinear to acquire Silicon Motion for $3.8B; 48% premium, combined revenue >$2B
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- Per ADS consideration: $93.54 cash + 0.388 MXL shares, total $114.34 (48% premium to Apr 22 undisturbed price).
- Combined company enterprise value ~$8B; MXL shareholders will own ~86%, SIMO holders ~14%.
- Expected annual run-rate synergies of at least $100M within 18 months post-close; immediately accretive to non-GAAP EPS.
- Transaction valued at $3.8B for SIMO; funded by combined cash ($277M) and $3.25B senior secured term loan from Wells Fargo.
- Closing expected in first half 2023, subject to SIMO shareholder approval and antitrust clearance (including China).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288469/000110465922056176/0001104659-22-056176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288469/000110465922056176/tm2214437d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056176

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer