August 5, 2021

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Chipmaker Analog Devices to buy rival Maxim Integrated

U.S. semiconductor maker Analog Devices said on Monday it offered to buy Maxim Integrated Products, an industry peer, for $20.91 billion in an all-stock deal.

Under the terms, Maxim stockholders will receive 0.630 of a share of Analog Devices stock for each share of Maxim common stock they hold at the closing of the transaction, the companies said in a statement.

This is breaking news. Please check back for updates.

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