M&A
confidence high
sentiment positive
materiality 0.90
MaxLinear and Silicon Motion Clear HSR Antitrust Waiting Period for Merger
MAXLINEAR, INC
- HSR waiting period expired at 11:59 p.m. ET on June 27, 2022, clearing a key condition for the $93.54 per ADS + 0.388 MXL shares deal.
- Closing remains subject to Silicon Motion shareholder approval and regulatory clearance in People's Republic of China.
- Transaction valued at $93.54 cash plus 0.388 MaxLinear shares per Silicon Motion ADS; each ordinary share gets $23.385 cash plus 0.097 MXL shares.
- MaxLinear (MXL) to acquire Silicon Motion (SIMO) in a cash-and-stock merger; Silicon Motion will survive as a wholly-owned subsidiary.