27 Jul '16, 9am

ADI to buy LTC for $14.8bn: Analog Devices is to buy Linear Technology for about $14.8 billion. “Growth has b...

ADI to buy LTC for $14.8bn: Analog Devices is to buy Linear Technology for about $14.8 billion. “Growth has b...

Analog Devices (ADI) is to buy Linear Technology for about $14.8 billion. “Growth has been hard to come by in the industry over the past several years,” said ADI CEO Vincent Roche, ‘those who have the balance sheets are using them.” 58 million new ADI shares will be created and $7.3 billion borrowed to pay for the deal. The price offered is 24% above the pre-offer share price “Our shared focus on engineering excellence and our highly complementary portfolios of industry-leading products will enable us to solve our customers’ biggest and most complex challenges at the intersection of the physical and digital worlds,” added Roche, “we are creating an unparalleled innovation and support partner for our industrial, automotive, and communications infrastructure customers, and I am very excited about what this acquisition means for our customers, our employees, and our industry....

Full article: http://www.electronicsweekly.com/news/business/adi-to-buy...

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ADI to Acquire Linear Tech for $14.8 Billion

eetimes.com 26 Jul '16, 9pm

SAN FRANCISCO—Analog Devices Inc. (ADI) will acquire rival Linear Technology Corp. in a cash and stock deal worth about $1...

ADI to Acquire Linear Tech for $14.8 Billion | ...

eetimes.com 26 Jul '16, 9pm

SAN FRANCISCO—Analog Devices Inc. (ADI) will acquire rival Linear Technology Corp. in a cash and stock deal worth about $1...

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