In a transaction handled by a team of Pillsbury lawyers, Exar Corp. has been acquired by MaxLinear Inc. According to a press release from MaxLinear, the two companies entered an agreement under which Exar will receive $13 per share in cash, a price that was 22 percent higher than the company’s closing price on March 28.

MaxLinear is a leading provider of mixed-signal and radio-frequency semiconductor solutions for home, wired and wireless infrastructure. Complementary to that, Exar is a semiconductor producer that designs and develops integrated circuits and system solutions, specializing in the audio/video, automotive, industry and infrastructure fields.

The Pillsbury team included Silicon Valley partners Jorge del Calvo, Jim Masetti, Cindy Schlaefer, Brian Wainwright and George Willman; Washington, DC partner Michael Sibarium; New York partner Daniel Richards; Silicon Valley counsel Gurpreet Bal; Washington, DC counsel Chuca Meyer; and Silicon Valley associates Gabrielle Grinberg, Judy Yan, Omar Bailony and Matthew Ryan.

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