Analog Devices to Buy Linear Technology for $14.8 Billion
Jul 26 2016
Analog Devices, Inc. (NASDAQ: ADI) (“Analog Devices”) and Linear Technology Corporation (NASDAQ: LLTC) (“Linear Technology”) announced that they have entered into a definitive agreement under which Analog Devices will acquire Linear Technology in a cash and stock transaction that values the combined enterprise at approximately $30 billion.
+ Purchase to be funded partially by $7.3 billion of new debt
+ Analog will pay $60 a share for rival Linear (a premium of 24 percent to its closing price Monday)