XLNX - AMD's $35B Xilinx acquisition closer to finish line after shareholder approval

AMD (AMD) and Xilinx (XLNX) announces that their respective shareholders have approved the proposed $35B all-stock acquisition of Xilinx.The closing of the deal still depends on receiving the necessary regulatory approvals. The companies still expect to close before the end of 2021.In January, the mandatory waiting period required for the FTC and Department of Justice to investigate deals for potential antitrust issues expired, moving the deal one step closer to closing.AMD first announced the acquisition last October, saying Xilinx's adaptive computing solutions would further accelerate the company's data center business. AMD expects the deal to be immediately accretive to margins, cash flow, and EPS after closing.AMD shares are up 1.6%. XLNX is up 1.8%.Related: Earlier, Dell launched the first Alienware gaming laptop with AMD processors in over a decade.

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AMD's $35B Xilinx acquisition closer to finish line after shareholder approval