UBS Upgrades Linear Technology (LLTC) to Neutral
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Analog Devices (ADI) to Acquire Linear Technology (LLTC) for ~$60/Share
July 26, 2016 3:36 PM UTCAnalog Devices, Inc. (Nasdaq: ADI) and Linear Technology Corporation (Nasdaq: LLTC) announced that they have entered into a definitive agreement under which Analog Devices will acquire Linear Technology in a cash and stock transaction that values the combined enterprise at approximately $30 billion(1). Upon completion of the acquisition, Analog Devices will be the premier global analog technology company with approximately $5 billion in anticipated annual revenues.
Under the terms of the agreement, Linear Technology shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog... More
Analog Devices to buy chipmaker peer Linear for $14.8 billion
July 26, 2016 2:53 PM UTCBy Liana B. Baker
SAN FRANCISCO (Reuters) - Analog Devices Inc (NASDAQ: ADI) said on Tuesday it would buy fellow chipmaker Linear Technology Corp (NASDAQ: LLTC) for about $14.8 billion, the latest deal in a wave of consolidation that has swept the semiconductor industry in the past two years.
By buying Linear, Analog is aiming to boost its profitability and increase its share in the fragmented market for analog chips, which process signals such as sound, light and temperature and convert them into digital signals. The chips are... More
