MXIM - Xilinx shares gain after Analog Digital purchase of Maxim gets China approval

Xilinx (NASDAQ:XLNX) shares rose 5% in premarket trading after China approved Analog Devices (NASDAQ:ADI) planned purchase of Maxim Integrated (NASDAQ:MXIM) as investors China OK for AMD's purchase of Xilinx (XLNX). AMD (NASDAQ:AMD) rose 0.5%. Traders were eagerly awaiting Chinese approval for the deal as a barometer for other deals that also need China antitrust clearance, including AMD's (AMD) planned purchase of Xilinx (XLNX) and II-VI's (NASDAQ:IIVI) planned acquisition of Coherent (NASDAQ:COHR). Coherent (COHR) gained 0.2% in premarket trading. Last week, Maxim nears session highs after Analog Devices sees deal close within initial time frame.

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Xilinx shares gain after Analog Digital purchase of Maxim gets China approval