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MXIM - Maxim Integrated Products Inc News Story

$96.58 1.3  1.4%

Last Trade - 9:00pm

Sector
Technology
Size
Large Cap
Market Cap £18.42bn
Enterprise Value £17.67bn
Revenue £1.77bn
Position in Universe 485th / 6854

EXCLUSIVE-EU antitrust regulators to okay Analog Devices' $21 bln Maxim buy - source

Fri 26th March, 2021 4:03pm
BRUSSELS, March 26 (Reuters) - EU antitrust regulators are
set to approve without conditions U.S. semiconductor maker
Analog Devices Inc's  ADI.O  proposed $21 billion takeover of
rival Maxim Integrated Products Inc  MXIM.O , a person familiar
with the matter said.
    The deal, ADI's biggest, will boost its market share in
automotive and 5G chipmaking, enabling it to better compete with
larger rivals including Texas Instruments  TXN.O .

 (Reporting by Foo Yun Chee)
 ((foo.yunchee@thomsonreuters.com; +32 2 287 6844; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))
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