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Fly News Breaks for March 30, 2017
EXAR, MXL
Mar 30, 2017 | 07:07 EDT
After MaxLinear (MXL) agreed to buy Exar (EXAR), Stifel analyst Tore Svanberg says that the deal will enable MaxLinear to enter several new vertical markets, while Exar's customer base does not overlap significantly with that of MaxLinear. The analyst expects MaxLinear to obtain significant revenue synergies from the deal and keeps a Buy rating on the stock.
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