Analog Devices and Maxim Integrated Products announce merger agreement, new company expected to have market value of more than $68 billion

On July 13, Eastern Time, Analog Devices announced on its official website that it had reached a final agreement with Maxim Integrated, and that ADI would acquire Maxim in an all-stock transaction. ADI expects the entire transaction to be completed in the summer of 2021, subject to customary closing conditions, including approval by U.S. and certain non-U.S. regulators and approval by shareholders of both companies.

If the transaction is successfully completed, it will undoubtedly consolidate ADI's leadership in the analog semiconductor field, and the market value of the combined company will exceed US$68 billion.

It is reported that according to the agreement between the two parties, after the completion of the transaction, the existing shareholders of ADI will own approximately 69% of the shares of the merged company, while Maxim shareholders will own approximately 31% of the shares. At the same time, two Maxim directors will join the ADI board of directors, including Maxim President and CEO Tunç Doluca.