Exar Corp. (EXAR) Has Leaped To A New High After Bought By MaxLinear

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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