Analog Devices to Acquire Maxim Integrated

Analog Devices, Inc. will acquire Maxim Integrated Products, Inc. in an all-stock transaction that values the combined enterprise at more than $68 billion. Maxim stockholders will receive 0.630 shares of ADI for each Maxim share, leaving ADI shareholders with ~69% and Maxim shareholders with ~31% of the combined company; the deal is intended to strengthen ADI's analog semiconductor leadership and deliver cost synergies.