MXIM - Maxim Integrated gains on report that Analog Devices' China approval may be in weeks

Maxim Integrated (MXIM) rose 0.8% on a report that that Analog Devices' (ADI) planned acquisition is likely to be approved in China in the coming weeks.The transaction is likely to get unconditional approval in May and has been put on the signoff agenda for the Chinese antitrust regulator, traders said, citing a report that is being circulated around.The report allegedly says that feedback from third parties indicated that most aren't concerned by the combination.Maxim yesterday disclosed that the deal has been approved in the U.S, EU, Philippines, Taiwan, Japan, Singapore and South Korea.Last week, Dealreporter said Chinese third parties are said not to be raising major issues with Analog's Maxim deal.

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Maxim Integrated gains on report that Analog Devices' China approval may be in weeks