MXIM - Maxim Integrated gains on speculation China approval for Analog Devices getting closer

Maxim Integrated (MXIM) rose 2.7% on speculation that Analog Devices (ADI) planned purchase of Maxim is getting closer to gaining Chinese regulatory approval.The Chinese approval of the deal from the State Administration for Market Regulation ("SAMR")  is getting closer and may happen in the next two week, traders said, citing a report that is being circulated around.Late last month, Maxim Integrated rose on a report that Analog Devices' China approval may be in weeks and previously Dealreporter said Chinese third parties are said not to be raising major issues with Analog's Maxim deal.Also last month,  Maxim yesterday disclosed that the deal has been approved in the U.S, EU, Philippines, Taiwan, Japan, Singapore and South Korea..

For further details see:

Maxim Integrated gains on speculation China approval for Analog Devices getting closer