Reuters reveals Analog Devices’ $21 billion Maxim buy set for EU approval; market reacts

Reuters exclusively reported that U.S. semi-conductor maker Analog Devices Inc (ADI) is set to gain unconditional European Union antitrust approval for its proposed $21 billion takeover of Maxim Integrated Products. The deal, ADI’s biggest, will boost its market share in automotive and 5G chipmaking and enable it to better compete with larger firms including Texas Instruments.

Market Impact

Analog Devices’ shares doubled gains to end 4.8% up on March 26, after the Reuters report was published, while Maxim’s stock more than doubled gains to finish 5.34% higher.

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