Orlando, FL -- (SBWIRE) -- 09/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Maxim Integrated Products Inc. (NASDAQ:MXIM), Flextronics International Ltd. (NASDAQ:FLEX).
Maxim Integrated Products Inc. (NASDAQ:MXIM) shares declined 0.07% to $29.68. Rigrodsky & Long, P.A. on Sept. 20 announces that it is investigating potential legal claims against the board of directors of Volterra Semiconductor Corporation ("Volterra" or the "Company") (NASDAQ GS: VLTR) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Maxim Integrated Products, Inc. ("Maxim") (NASDAQ GS: MXIM) in a transaction valued at approximately $605 million. A complaint was recently filed in California Superior Court regarding this proposed transaction.
Under the terms of the agreement, public shareholders of Volterra will receive $23.00 per share in cash for each share of Volterra they own. The investigation concerns whether Volterra's board of directors failed to adequately shop the Company and obtain the best possible value for Volterra's shareholders before entering into an agreement with Maxim.
Additionally, the company on Sept. 9 announced it has received antitrust clearance from the U.S. antitrust agencies for its acquisition of Volterra Semiconductor Corporation (VLTR) following the expiration of the relevant waiting period.
Are investors worried about the recent updates with MXIM? Find out with a free trend analysis HERE
Flextronics International Ltd. (NASDAQ:FLEX) shares declined 0.80% to $9.27. The company on August 29 announced the expiration of its previously announced exchange offers (each an "Exchange Offer" and collectively the "Exchange Offers") to exchange up to $500 million aggregate principal amount of its outstanding, unregistered 4.625% Notes due 2020 (the "Original 2020 Notes") for an equivalent amount of 4.625% Notes due 2020 which have been registered under the Securities Act of 1933 and up to $500 million aggregate principal amount of its outstanding, unregistered 5.000% Notes due 2023 (the "Original 2023 Notes") for an equivalent amount of registered 5.000% Notes due 2023 which have been registered under the Securities Act of 1933.
Additionally, the company on August 28 announced that they have entered into a definitive agreement whereby Flextronics will acquire RIWISA. Upon completion, Flextronics will acquire RIWISA's state-of-the-art manufacturing facilities and highly-experienced employees in medical, consumer packaging and industrial products, which will broaden its precision injection molding and high-speed automation offerings.
Is FLEX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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