Analog Devices get EU nod for $21 billion Maxim buy

BRUSSELS (Reuters) - U.S. chipmaker Analog Devices (ADI) has gained unconditional EU antitrust clearance for its $21 billion acquisition of rival Maxim Integrated, its biggest ever deal, a filing on the European Commission website showed on Thursday.

ADI is seeking to boost its market share in automotive and 5G chipmaking with the deal, which will also enable it to better compete with larger competitors including Texas Instruments.

Reuters reported on March 26 that the deal would win EU approval without the EU competition enforcer demanding concessions.

(Reporting by Foo Yun Chee; editing by Philip Blenkinsop)

You May Also Be Interested In

• Uniti Group (UNIT), Windstream Said To Near $15 Billion Combination - Bloomberg
• Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
• Cleveland Cliffs CEO Lourenco Goncalves on US Steel-Nippon Deal: The Deal Will Fail - CNBC Interview