Business & FinanceDealsTechnology
29 March 2021, 5:05 pm. 1 minute
Reuters exclusively reported that U.S. semi-conductor maker Analog Devices Inc (ADI) is set to gain unconditional European Union antitrust approval for its proposed $21 billion takeover of Maxim Integrated Products. The deal, ADI’s biggest, will boost its market share in automotive and 5G chipmaking and enable it to better compete with larger firms including Texas Instruments.
Analog Devices’ shares doubled gains to end 4.8% up on March 26, after the Reuters report was published, while Maxim’s stock more than doubled gains to finish 5.34% higher.
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceEquitiesTechnology
Regions: EuropeNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story