Masimo Semiconductor, Inc. acquired substantially all of the assets of Spire Semiconductor, LLC from Spire Corp. (NasdaqCM:SPIR) for $9.1 million on March 9, 2012. As a part of the consideration, Masimo Corporation will pay $7.2 million in cash, $0.72 million as an escrow amount held until fifteen months of the closing date and the balance amount of $1.2 million as an assumption of liabilities. The transaction will be financed using the own funds of Masimo Corporation. All the employees of Spire Semiconductor will be retained. The transaction is subject to approval by the Board of Spire, Masimo and Spire having received an assignment and assumption agreement, Masimo and Spire shall have received the escrow agreement and Spire having provided a transition services agreement to Masimo following the closing. Masimo expects the 2012 dilutive earnings per share impact of the Spire transaction to be approximately $0.04. Jeffrey T. Hartlin and Samantha Eldredge of Paul Hastings LLP acted as the legal advisors to Masimo Corporation. Bradley Robert E. Puopolo, Bradley A. Jacobson, Elizabeth Fraser and Daniel Blanchard of Greenberg Traurig, LLP acted as legal advisors to Spire Corp. ThinkEquity LLC acted as the financial advisor to Spire Corp. JPMorgan Chase Bank, NA acted as escrow agent in the deal. Masimo Semiconductor, Inc. completed the acquisition of substantially all of the assets of Spire Semiconductor, LLC from Spire Corp. (NasdaqCM:SPIR) on March 9, 2012.