European Commission clears acquisition of Maxim Integrated Products (MXIM) by Analog Devices (ADI)

April 6, 2021 6:34 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

The European Commission has approved, under the EU Merger Regulation, the acquisition of the global activities of Maxim Integrated Products, Inc. (‘Maxim') (NASDAQ: MXIM) by Analog Devices, Inc. (‘ADI') (NASDAQ: ADI), both of the U.S. Maxim is a public global technology company which designs, develops, manufactures and markets a broad range of analogue, mixed-signal and digital ICs. ADI is a public global technology company which designs, manufactures and markets a broad portfolio of solutions, including ICs, algorithms, software and subsystems that use analogue, mixed-signal and digital signal processing technologies. The Commission concluded that the proposed acquisition would raise no competition concerns given that, under all plausible product market delineations, the transaction does not raise anticompetitive concerns at worldwide level and that conglomerate effects are unlikely. The operation was examined under the normal merger review procedure. More information will be available on the Commission's competition website, in the public case register under the case number M.9926.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Definitive Agreement