Industry Leader with Increased Global Scale: The combination strengthens ADI’s analog semiconductor leadership position with expected revenue of $8.2 billion 1 and free cash flow of $2.7 billion 1 on a pro forma basis. Upon closing, two Maxim directors will join ADI’s Board of Directors, including Maxim President and CEO, Tunç Doluca.Ĭompelling Strategic and Financial Rationale Working together, we will create a stronger leader, delivering outstanding benefits to our customers, employees and shareholders,” said Tunç Doluca, President and CEO of Maxim Integrated. Both companies have strong engineering and technology know-how and innovative cultures. I am excited for this next chapter as we continue to push the boundaries of what’s possible, together with ADI. “For over three decades, we have based Maxim on one simple premise – to continually innovate and develop high-performance semiconductor products that empower our customers to invent. Together, we are well-positioned to deliver the next wave of semiconductor growth, while engineering a healthier, safer and more sustainable future for all.” “Maxim is a respected signal processing and power management franchise with a proven technology portfolio and impressive history of empowering design innovation. ADI and Maxim share a passion for solving our customers’ most complex problems, and with the increased breadth and depth of our combined technology and talent, we will be able to develop more complete, cutting-edge solutions,” said Vincent Roche, President and CEO of ADI. “Today’s exciting announcement with Maxim is the next step in ADI’s vision to bridge the physical and digital worlds. The transaction is intended to qualify as a tax-free reorganization for U.S. Upon closing, current ADI stockholders will own approximately 69 percent of the combined company, while Maxim stockholders will own approximately 31 percent. Under the terms of the agreement, Maxim stockholders will receive 0.630 of a share of ADI common stock for each share of Maxim common stock they hold at the closing of the transaction. The transaction, which was unanimously approved by the Boards of Directors of both companies, will strengthen ADI as an analog semiconductor leader with increased breadth and scale across multiple attractive end markets. (Nasdaq: MXIM) today announced that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion 2. (Nasdaq: ADI) and Maxim Integrated Products, Inc. Expected to be accretive to free cash flow at closing and adjusted EPS in 18 months post-close with $275 million of cost synergies by the end of year twoĪnalog Devices, Inc.Enhances domain expertise and breadth of engineering capabilities to develop more complete solutions to solve customers’ most complex problems.Increased scale and diversification from $8.2 billion 1 revenue portfolio that is positioned to capitalize on key secular growth trends.
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