[7/13/20]Chipmaking giant Analog Devices announces plans to acquire Maxim Integrated Products in a $21 billion all-stock deal.
Chipmaking giant Analog Devices (ADI) - Get Report on Monday announced plans to acquire Maxim Integrated Products (MXIM) - Get Report in a $21 billion all-stock deal.
The enterprise value of the transaction is $68 billion.
Under the terms of the agreement, Maxim stockholders will receive just under two-thirds of a share of ADI common stock for each share of Maxim common stock they hold at the closing of the transaction, which is expected to occur next summer.
Upon closing, current ADI stockholders will own approximately 69% of the combined company,...
Read moreComments are closed