Mining strategic information from public company filings
Saturday, April 4, 2009
Exar Corporation Closes Hifn Acquisition
FREMONT, Calif., April 3 /PRNewswire-FirstCall/ -- Exar Corporation (Nasdaq: EXAR) announced today that it has closed the previously announced acquisition of hi/fn, inc. ("Hifn"), effective April 3, 2009. Al Sisto, the former chief executive officer and chairman of the board of directors of Hifn, has joined Exar's board of directors. It is expected that Hifn's personnel and operations will be relocated during the second calendar quarter of 2009.