Shareholders approve Analog Devices and Maxim deal

Shareholders approve Analog Devices and Maxim deal

Business news |
By Nick Flaherty

Special meetings of shareholders were held to put the deal to a vote. The deal still faces regulatory aprovals in the US, EU and China. 

“We are pleased with the overwhelming support from our shareholders for this exciting combination. Together with Maxim, we will enhance our domain expertise and breadth of engineering capabilities to develop more complete solutions to solve customers’ most complex problems,” said Vincent Roche, President and CEO of Analog Devices. “We look forward to joining forces with Maxim to drive the next wave of semiconductor growth and deliver significant value to all our stakeholders.”

“We appreciate the strong support of our shareholders for Maxim’s combination with ADI. Together, we will enable the industry’s highest performance analog and mixed-signal solutions through our complementary product portfolios,” said Tunc Doluca, President and CEO of Maxim.

The companies continue to expect that the transaction will be completed in the summer of 2021.

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