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ADI Alex Dav Inv.

0.0575
0.00 (0.00%)
20 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alex Dav Inv. LSE:ADI London Ordinary Share GB00B28XMY25 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0575 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Analog Devices Announces $375 Million Sale Of 5-Year Notes

25/06/2009 9:29pm

Dow Jones News


Alex Dav Inv. (LSE:ADI)
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   DOW JONES NEWSWIRES 
 

Analog Devices Inc. (ADI) announced plans to sell $375 million of five-year notes, with a 5% yield, for "general corporate purposes."

A host of companies have been selling new debt the past two months amid increased investor appetite. Many have been using the new capital to pay off other debt.

The semiconductor maker has obviously been caught in the industry's downtrend, with earnings in the latest quarter down 61% on a 27% sales drop. Analog Device's chips are used in cellphones, medical devices and flat-screen televisions.

Shares were up 4.3% to $24.76 ahead of the close. The stock is up 30% this year.

-By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com

 
 

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