Apr 13, 2001 Maxim Integrated Products, Inc., announced today that it has completed its acquisition of Dallas Semiconductor Corp. upon receiving the approval of Dallas Semiconductor's stockholders.
The acquisition of Dallas Semiconductor was effected by the merger of a Maxim subsidiary into Dallas Semiconductor. Under the terms of the merger agreement, each share of Dallas Semiconductor common stock was converted into .6515 share of Maxim common stock, and each outstanding stock option at Dallas Semiconductor was assumed by Maxim in the merger.
As a result of this transaction, Dallas Semiconductor's common stock will no longer be listed on the New York Stock Exchange and ceased trading at the close of stock market trading today.
