- The Wall Street Journal•2 hours ago
Analog Devices agreed to acquire fellow chip maker Linear Technology in a cash-and-stock deal worth $14.8 billion.
- Reuters•4 hours ago
Analog Devices Inc (ADI.O) said on Tuesday it would buy fellow chipmaker Linear Technology Corp (LLTC.O) for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years. By buying Linear, Analog is aiming to boost its profitability and increase its share in the fragmented market for analog chips, which process signals such as sound, light and temperature and convert them into digital signals. The deal comes on the heels of SoftBank Group Corp's (9984.T) $32 billion acquisition of British chip designer ARM Holdings (ARM.L) announced on July 18.
Linear Technology CorporationNasdaqGS
After hours: 61.44-1.05 (-1.68%) as of 7:59 PM EDT
|Bid||61.15 x 500|
|Ask||61.44 x 400|
|52wk Range||36.41 - 64.42|
|Day's Range||48.71 - 64.27|
|Avg Vol (3m)||2,035,155|
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