Analog Devices To Buy Maxim Integrated For About $20 Billion

The Maxim Integrated logo is seen in this illustration

The Maxim Integrated logo is seen in this illustration

The acquisition of San Jose, California-based mostly Maxim produces a larger rival for Texas Instruments the sector for analog and embedded processor chips, essential parts in the spread of computing and intelligence to every day equipment.

Analog Devices is now less than half the size of market leader Texas Instruments revenue.

Maxim shareholders would receive about.63 shares of Analog stock for each Maxim share and own about 31% of the combined company.

The offer values Maxim at $78.43 per share, a premium of about 22% to its Friday close and Maxim shares were up 11% at $71.21 in mid-day trading.

Southampton defender Stephens: We don't fear Man Utd - nor Greenwood
Ole Gunnar Solskjaer says Manchester United will not "panic" if they miss out on next season's Champions League. It leaves the Old Trafford club's well-publicised "cultural reboot" delicately poised.

This comes on the heels of Uber Inc announcing a US$2.65 billion deal for Postmates Inc, Allstate Corp agreeing to a record US$4 billion takeover of National General Holdings Corp and Warren Buffett's Berkshire Hathaway Inc spending roughly the same amount on a gas pipeline and storage assets.

The deal, which still has to be approved by regulators, is expected to close in the summer of 2021.

Representatives for Analog Devices and Maxim declined to comment on the deal, first reported by the Wall Street Journal.

All three companies focus in analog and embedded computing factors.

Rafael van der Vaart sends message to Tottenham Hotspur after Arsenal result
With three games left Tottenham have 52 points to Arsenal's 50, but are seven points behind fourth-placed Leicester City. Rafael van der Vaart has taken to Twitter to give his reaction to Tottenham Hotspur's win against Arsenal at the weekend.

"Analog Devices' diverse market reach could help it hold up during a sharp, short-term pandemic-related disruption to demand and supply chains", Bloomberg Intelligence senior analyst Woo Jin Ho wrote in a Monday note.

The semiconductor industry's seen plenty of deals in recent years, which is no real surprise when you consider the increasingly global scope of an industry that produces chips for every electrical item you can imagine.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

Considering that 2015, the Philadelphia Stock Exchange Semiconductor Index has tripled in benefit. Above that very same interval, chip organizations have been significantly consolidating to aid them reduce expenses and provide prospects that have performed the exact. Their earnings have become more predictable and their cash generation has provided them with war chests and the ability to carry debt they could not have sustained in the past. Visit for more information on this news.

Fauci hasn't briefed Trump on coronavirus in at least two months
Fauci is not 100% right and he also doesn't necessarily - and he admits that - have the whole national interest in mind". Fauci has been wrong on things", including a list of his comments since the outbreak of the pandemic.

Latest News