Exar Corporation, a company that designs, develops, markets and sells connectivity and power management products to the consumer, communications and industrial markets, has commenced an exchange offer for all of the outstanding shares of Hifn common stock pursuant to their previously announced definitive agreement, under which Exar will acquire Hifn.
 
Subject to the terms and conditions of the exchange offer, Hifn stockholders who validly tender their shares may elect to receive for each share of Hifn common stock they tender in the exchange offer either (i) 0.3529 shares of Exar common stock and $1.60 in cash, without interest, or (ii) $4.00 in cash, without interest.
 
The exchange offer is scheduled to expire at 12:00 midnight, New York City time, at the end of Thursday, April 2, 2009, unless extended.