It will be a summer to remember for the semiconductor industry: an agreement has been signed between Analog Devices e Maxim Integrated Products under which ADI will acquire Maxim Integrated . The value of the company resulting from the equity transaction is more than $68 billion.
The transaction was unanimously approved by the boards of directors of both companies and will strengthen ADI in the semiconductor business.
At closing, existing ADI shareholders will own approximately 69% of the combined company, while Maxim shareholders will hold approximately 31%.
Vincent Roche, President and CEO of ADI, commented: "This announcement represents the next step in ADI's vision of bridging the physical and digital worlds. ADI and Maxim share a passion for solving our customers' most complex problems. Together we will be able to develop more complete, cutting-edge solutions.
Maxim Integrated also spoke through its President and CEO Tunç Doluca: "For more than three decades, we have based Maxim on a simple premise: to continuously innovate and develop high-performance semiconductor products that enable our customers to invent. I am excited about this new chapter as we continue to push the boundaries of what is possible, together with ADI. Both companies have strong engineering and technological know-how and innovative cultures. By working together, we will create stronger leadership, delivering significant benefits to our customers, employees and shareholders."
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