ADI announces acquisition of Maxim Integrated
Yesterday, ADI officially announced that the company and Maxim Integrated have reached a final agreement that ADI will acquire Maxim in an all-stock transaction.
ADI expects the entire transaction to be completed in the summer of 2021. At present, the transaction still needs to meet the customary closing conditions, including the approval of the US and some non-US regulatory authorities and the approval of the shareholders of the two companies.
If the transaction is successfully completed, it will undoubtedly consolidate the leading position of Analog Devices in the field of analog semiconductors, and the market value of the company after the merger will exceed 68 billion US dollars.
According to the agreement between the two parties, after the transaction is completed, existing shareholders of ADI will own approximately 69% of the combined company, while Maxim shareholders will own approximately 31% of the shares. At the same time, two Maxim directors will join the ADI board of directors, including Maxim President and CEO Tunç Doluca.
For more details, please refer to ADI's official statement.
The article is originally written by @SemiMediaEdit posted on SemiMedia. All rights reserved.