We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Analog Devices Inc | NASDAQ:ADI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.74 | 1.57% | 241.455 | 241.35 | 241.49 | 241.86 | 237.645 | 239.01 | 380,682 | 16:23:23 |
From Jul 2019 to Jul 2024
Analog Devices Inc. agreed to acquire fellow chip maker Linear Technology Corp. in a cash-and-stock deal worth $14.8 billion, the companies announced Tuesday.
The transaction values Linear Tech shares at $60 apiece, a 24% premium to its closing price Monday.
Under the deal, Linear Tech shareholders will swap each share for $46 and 0.2321 share in Analog Devices.
Shares of Linear Tech were halted before the announcement after climbing 29% to $62.49. Shares of Analog, which were also halted, climbed 3.9% to $62.87 in afternoon trading.
Analog estimated that the combined company would have about $5 billion in sales annually. The company plans to fund the transaction with about 58 million new shares, approximately $7.3 billion of new debt and cash.
The boards of both companies have approved the deal, which is expected to close in the first half of 2017, the companies said.
Write to Ezequiel Minaya at ezequiel.minaya@wsj.com
(END) Dow Jones Newswires
July 26, 2016 16:35 ET (20:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year Analog Devices Chart |
1 Month Analog Devices Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
