MXIM - Shareholders gives green signal to Analog Devices and Maxim Integrated merger

Shareholdersof Analog Devices (ADI) and Maxim Integrated Products (MXIM) approves the pending merger proposals. “Together with Maxim, we will enhance our domain expertise and breadth of engineering capabilities to develop more complete solutions to solve customers’ most complex problems,” said Vincent Roche, President and CEO of Analog Devices. “We look forward to joining forces with Maxim to drive the next wave of semiconductor growth and deliver significant value to all our stakeholders.” “Together, we will enable the industry’s highest performance analog and mixed-signal solutions through our complementary product portfolios,” said Tunc Doluca, President and CEO of Maxim. The companies expect the transaction to be competed in the summer of 2021.ADI +1.4% and MXIM +1.62% premarket.Previously: Maxim may get acquired by Analog Devices in ~$17B deal - WSJ (July 12)

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Shareholders gives green signal to Analog Devices and Maxim Integrated merger