XLNX - Xilinx ticks higher after AMD CEO reiterates close by end of year

Xilinx (NASDAQ:XLNX) earlier ticked higher after Advanced Micro Devices (NASDAQ:AMD) CEO said she expected the deal to be completed by the end of the year. AMD shares are now down 2.4%. AMD CEO Lisa Su was speaking earlier at a Credit Suisse technology conference. Su said late last month that the chipmaker was making "good progress" toward finalizing the acquisition of Xilinx (XLNX) by the end of the year. AMD is still awaiting approval from China but has received antitrust clearance in the U.S. and Europe. In September month, AMD was said to have made progress in China with large third parties ready to bless the transaction.

For further details see:

Xilinx ticks higher after AMD CEO reiterates close by end of year