Analog Devices to Acquire Hittite Microwave Corporation
ADI expands RF portfolio with acquisition of microwave and millimeter wave leader - ADI reaffirms third quarter financial guidance
Chelmsford, MA 06/09/2014 -
Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, and Hittite Microwave Corporation (NASDAQ:HITT), an innovative designer and manufacturer of high performance integrated circuits, modules, subsystems and instrumentation for RF, microwave and millimeter wave applications, today announced that the two companies have entered into a definitive agreement whereby ADI will acquire Hittite for $78 per share in cash. The closing price of Hittite’s common stock on June 6, 2014 was $60.56 per share.