# Analog Devices to acquire Maxim Integrated in $68B stock transaction

Analog Devices (ADI) announced a definitive agreement to acquire Maxim Integrated in an all-stock transaction valuing the combined enterprise at over $68 billion. Maxim stockholders will receive 0.630 of a share of ADI common stock per share.

- Type: Acquisition
- Announced: 2020-07-13
- Where: United States
- Value: $68.0B
- Status: announced
- Products: analog semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Analog Devices](https://endata.com/companies/15464.md) (acquirer)
- [Maxim Integrated Products](https://endata.com/companies/28635.md) (target)
- [Maxim Integrated](https://endata.com/companies/45646.md) (target)

## Sources

- [investor.analog.com](https://investor.analog.com/news-releases/news-release-details/analog-devices-announces-combination-maxim-integrated/), 2020-07-13: "Today's exciting announcement with Maxim is the next step in ADI's vision to bridge the physical and digital worlds."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/6281/000119312520192693/d54450d425.htm), 2020-07-14: "We’re excited to announce that Analog Devices and @maximintegrated are combining, strengthening analog semiconductor leadership."
- [circuitcellar.com](https://circuitcellar.com/tech-news/analog-devices-to-acquire-maxim-integrated/), 2020-08-04: "The combination strengthens ADI’s analog semiconductor leadership position with expected revenue of $8.2 billion and free cash flow of $2.7 billion on a pro forma basis."
- [uperdfi.org](https://www.uperdfi.org/2020/08/semiconductor-giants-analog-devices-and-maxim-announce-merger/), 2020-08-18: "Following the announcement of the merger of the two companies and UPCOE donors, UPERDFI Member and Analog Devices Managing Director Ed Fortunado and Maxim Semiconductors VP for Operations Lloyd Schoene assured UPERDFI of their continuing support to UPCOE."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.