WILMINGTON, Mass. & SAN JOSE, Calif .– (COMMERCIAL THREAD) – Analog Devices, Inc. (NASDAQ: ADI) and Maxim Integrated Products, Inc. (NASDAQ: MXIM) today announced that China’s State Administration for Market Regulation has granted antitrust clearance for the previously announced acquisition of Maxim by Analog Devices.
The transaction has now received all the required regulatory approvals. Analog Devices and Maxim expect the transaction to close on or around August 26, 2021, subject to the satisfaction of the remaining customary closing conditions.
About analog devices
Analog Devices (Nasdaq: ADI) is one of the world’s leading semiconductor companies dedicated to solving the toughest engineering challenges. We enable our clients to interpret the world around us by intelligently linking the physical and the digital with unmatched technologies that sense, measure, power, connect and interpret. Visit http://www.analog.com.
About Integrated Maxim
Maxim Integrated, an engineering company, exists to solve designers’ toughest problems to drive design innovation. Our broad portfolio of high-performance semiconductors, combined with world-class tools and support, provide essential analog solutions, including efficient power supply, precision measurements, reliable connectivity and robust protection as well as intelligent processing. . Designers in application areas such as automotive, communications, consumer, data center, healthcare, industry, and IoT trust Maxim to help them quickly develop smaller designs, smarter and more secure. Learn more at https://www.maximintegrated.com.
This press release contains forward-looking statements which address a variety of matters, including, for example, statements regarding the proposed acquisition by Analog Devices, Inc. (“ADI”) of Maxim Integrated Products, Inc. (“Maxim”) and the expected closing date of the proposed transaction. Statements that are not historical facts, including statements about the beliefs, plans and expectations of ADI and Maxim, are forward-looking statements. Such statements are based on the current expectations of ADI and Maxim and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in forward-looking statements. Forward-looking statements often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “will”, “estimate”, “,”. As variations or negatives of these words.The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: failure to comply with the conditions remaining until the closing of the transaction between ADI and Maxim, on schedule or not at all; uncertainty as to the extent of the duration, scope and impacts of the COVID-19 pandemic; political and economic uncertainty, including any hesitation global economic conditions or the stability of credit and financial markets, erosion of confidence in consumers and lower customer spending; unavailability of raw materials, services, supplies or manufacturing capacity; changes in geographic scope or range of products or customers; changes in export classifications, regulations or import and export duties and tariffs; changes in ADI’s or Maxim’s estimates of their expected tax rate based on applicable tax legislation; ADI’s ability to successfully integrate Maxim’s businesses and technologies; the risk that the expected benefits and synergies of the proposed transaction and the growth prospects of the company resulting from the combination will not be fully achieved on time, if at all; adverse litigation results, including the potential for litigation related to the proposed transaction; the risk that ADI or Maxim may not be able to retain and hire key personnel; the risk associated with the time of closing of the proposed transaction, including the risk that the terms of the transaction will not be met on time or not at all or that the transaction will not be closed for any other reason or not be closed on the conditions provided, including the planned tax treatment; any unforeseen difficulties or expenses related to the transaction, the response of business partners and retention following the announcement and expectation of the transaction; uncertainty as to the long-term value of ADI’s common shares; and the diversion of management time on transaction-related issues. For more information on other factors that could cause actual results to differ materially from those described in forward-looking statements, please refer to the respective periodic reports of ADI and Maxim and other documents filed with of the Securities Exchange Commission, including the risk factors contained in Maxim’s most recent quarterly reports on Form 10-Q and annual reports on Form 10-K. Forward-looking statements represent the current expectations of management and are inherently uncertain and are made only as of the date hereof. Except as required by law, neither ADI nor Maxim undertake or assume any obligation to update forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. .