Exar Corp. (EXAR) announced Wednesday morning that it has agreed to be acquired by MaxLinear Inc. (MXL) for $13.00 per share in cash.
Exar gapped open sharply higher this morning and is now up 2.38 at $13.00 on the highest volume of the year. The stock has leaped past resistance and has set a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.