Analog Devices buys Maxim, creating $68 billion chipmaker

NEW YORK (AP) — Analog Devices is buying Maxim Integrated in an all-stock deal that values the combined business at more than $68 billion. It will strengthen Analog’s position in the analog semiconductor sector. Maxim stockholders will receive 0.630 of a share of Analog common stock for each share of Maxim common stock they hold at the transaction’s closing. Current Analog stockholders will own approximately 69% of the combined company, while Maxim stockholders will own about 31%. The transaction is targeted to close in the summer of 2021.