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News !ADI officially announced the acquisition of Maxim!

Published :7/14/2020 12:59:33 AM

Click Count:2103

ADI Today announced that they have entered into a definitive agreement under which ADI will acquire Maxim in an all-stock transaction, valuing the combined business at more than $68 billion.The transaction, approved unanimously by the boards of both companies, will consolidate ADI's position as a leader in analog semiconductors and expand its breadth and scale in a number of attractive end markets.

Subject to the terms of the Agreement, At closing, Maxim common shareholders will receive 0.630 of each Maxim common share held by them.Upon completion of the Transaction, ADI's existing shareholders will own approximately 69% of the combined Company and Maxim's shareholders will own approximately 31% of the combined Company

"ADI and Maxim work together to solve customers' most complex problems, and as the breadth and depth of our technology and talent portfolio increases, we will be able to develop more complete, cutting-edge solutions."Vincent Roche, ADI's President and CHIEF Executive Officer, "Maxim is a respected signal processing and power management product line with a proven technology portfolio and an impressive history of driving design innovation.By working together, we are well positioned to handle the next wave of semiconductor growth and together build a healthier, safer and more sustainable future for all."