DOYU - Maxim Integrated Xilinx continue share drop on China deal risk concerns

nantonov/iStock Editorial via Getty Images Deal stocks Maxim Integrated (MXIM) and Xilinx (XLNX), both in transactions that require Chinese regulatory approval, are falling for a second day on concerns about China's recent regulatory crackdown and growing tensions with the U.S. Maxim, which is being purchased by Analog Devices (ADI), fell 3.7%, while Xilinx, which is in a deal to be acquired by AMD (AMD), dropped 4.8%. AMD fell 1.9% and Analog Devices declined 1.8%. China's recent regulatory moves against for-profit tutoring companies such as TAL Education (TAL) and New Oriental (EDU) and its antitrust efforts against Chinese companies such as Alibaba (BABA) and Tencent Music Entertainment (TME) appear to have risk arb investors fearing that China could look to challenge the semiconductor deals, according to traders. AON (AON) and Willis Towers Watson's (WLTW) decision to terminate their deal yesterday on antitrust pushback also has M&A investors on edge. Several media outlets reported yesterday that a meeting

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Maxim Integrated, Xilinx continue share drop on China deal risk concerns