27. August 2021, 09:31 Uhr | Iris Stroh
In June last year it became known that Analog Devices wanted to take over its competitor Maxim Integrated Products. Four days ago, they announced that China’s State Administration for Market Regulation has given antitrust clearance. Yesterday, the completion of the takeover was reported.
The combination should further strengthen ADI’s position as a high-performance analog semiconductor company with trailing twelve-month revenue of over 9 billion Dollar, industry leading margins, and free cash flow of over 3 billion Dollar on a pro forma basis.
Under the terms of the definitive agreement, Maxim stockholders received 0.63 of a share of ADI common stock for each share of Maxim common stock. Maxim common stock will no longer be listed for trading on the NASDAQ stock market.
In connection with the closing of the transaction, Tunç Doluca, former President and Chief Executive Officer of Maxim, and Mercedes Johnson, former Founding Executive of Avago Technologies, will join the ADI Board of Directors. Mr. Doluca and Ms. Johnson served on Maxim’s Board of Directors until the closing of the transaction.June last year Analog Devices announced that it wanted to take over its competitor Maxim Integrated Products. Yesterday, the completion of the takeover was now reported.