{"id":66704,"date":"2021-08-27T06:56:56","date_gmt":"2021-08-27T06:56:56","guid":{"rendered":"https:\/\/electronicsmaker.com\/?p=66704"},"modified":"2021-08-27T06:56:57","modified_gmt":"2021-08-27T06:56:57","slug":"analog-devices-completes-acquisition-of-maxim-integrated","status":"publish","type":"post","link":"https:\/\/electronicsmaker.com\/analog-devices-completes-acquisition-of-maxim-integrated","title":{"rendered":"Analog Devices Completes Acquisition of Maxim Integrated"},"content":{"rendered":"\n<p>Bengaluru, 27th August 2021 \u2013 Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. (NASDAQ: MXIM). The combination further strengthens ADI\u2019s position as a high-performance analog semiconductor company with trailing twelve-month revenue of over $9 billion, industry leading margins, and free cash flow of over $3 billion on a pro forma basis.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"400\" height=\"210\" src=\"https:\/\/electronicsmaker.com\/wp-content\/uploads\/2021\/08\/ADIMXM.jpg\" alt=\"\" class=\"wp-image-66705\" srcset=\"https:\/\/electronicsmaker.com\/wp-content\/uploads\/2021\/08\/ADIMXM.jpg 400w, https:\/\/electronicsmaker.com\/wp-content\/uploads\/2021\/08\/ADIMXM-300x158.jpg 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/><\/figure><\/div>\n\n\n\n<p>\u201cToday is a tremendous milestone for ADI and I\u2019m delighted to welcome the Maxim team, who share our passion for solving our customers\u2019 most complex technology problems,\u201d said Vincent Roche, President and CEO. \u201cWith more than 10,000 engineers and the increased breadth and depth of our best-in-class technologies, we are well-positioned to develop even more complete, cutting-edge solutions for our customers. Together, we will drive the next waves of analog semiconductor innovation, while engineering a healthier, safer and more sustainable future for all.\u201d<\/p>\n\n\n\n<p>Under the terms of the definitive agreement, Maxim stockholders received 0.63 of a share of ADI common stock for each share of Maxim common stock. Maxim common stock will no longer be listed for trading on the NASDAQ stock market.<\/p>\n\n\n\n<p><strong>Combined Board of Directors<\/strong><\/p>\n\n\n\n<p>In connection with the closing of the transaction, Tun\u00e7 Doluca, former President and Chief Executive Officer of Maxim, and Mercedes Johnson, former Founding Executive of Avago Technologies, will join the ADI Board of Directors. Mr. Doluca and Ms. Johnson served on Maxim\u2019s Board of Directors until the closing of the transaction.<\/p>\n\n\n\n<p><strong>Special Investor Conference Call and Webcast<\/strong><\/p>\n\n\n\n<p>ADI plans to host a webcast to discuss its upcoming capital allocation priorities and the updated fourth quarter fiscal 2021 outlook. The webcast is scheduled to begin at approximately 8:30 a.m. Eastern Time on September 8th, 2021 with Vincent Roche, President and Chief Executive Officer, Prashanth Mahendra-Rajah, Senior Vice President, Finance and Chief Financial Officer, and Michael Lucarelli, Senior Director of Investor Relations.<\/p>\n\n\n\n<p>The webcast and accompanying presentation may be accessed live on the internet on Analog Devices\u2019 Investor Relations website at investor.analog.com, or by telephone as follows:<\/p>\n\n\n\n<p>Participant Dial-In (domestic &amp; international): (833) 423-0297<\/p>\n\n\n\n<p>International Participant Passcode: 8334230297<\/p>\n\n\n\n<p>*no passcode required for domestic dial-in<\/p>\n\n\n\n<p>A replay of the conference call will be available approximately two hours after the call concludes and may be accessed for up to two weeks, by dialing 855-859-2056 and entering the conference ID: 7115409.<\/p>\n\n\n\n<p>Both the press release and archived version of the webcast will be available at investor.analog.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bengaluru, 27th August 2021 \u2013 Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. (NASDAQ: MXIM). The combination further strengthens ADI\u2019s position as a high-performance analog semiconductor company with trailing twelve-month revenue of over $9 billion, industry leading margins, and free cash flow of over [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":66705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[221],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analog Devices Completes Acquisition of Maxim Integrated - Electronics Maker<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/electronicsmaker.com\/analog-devices-completes-acquisition-of-maxim-integrated\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analog Devices Completes Acquisition of Maxim Integrated - Electronics Maker\" \/>\n<meta property=\"og:description\" content=\"Bengaluru, 27th August 2021 \u2013 Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its previously announced acquisition of Maxim Integrated Products, Inc. (NASDAQ: MXIM). 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