· Increased scale and diversification from $8.2 billion1 revenue portfolio that is positioned to capitalize on key secular growth trends
· Enhances domain expertise and breadth of engineering capabilities to develop more complete solutions to solve customers’ most complex problems
· 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 two
NORWOOD, Mass. & SAN JOSE, Calif., July 14 (Bernama-BUSINESS WIRE) — Analog Devices, Inc. (Nasdaq: ADI) and Maxim Integrated Products, Inc. (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 billion2. 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.