Analog Devices and Linear Technology Announce Antitrust Clearances in the United States and Germany
20 Oktober 2016 - 2:00PM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) and Linear Technology
Corporation (NASDAQ: LLTC) today announced that on October 19, 2016
the applicable waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act for the proposed combination of Analog Devices and
Linear Technology expired. As a result, the transaction has been
cleared for U.S. antitrust purposes. In addition, Analog Devices
and Linear Technology received clearance for the transaction from
the German Federal Cartel Office on October 11, 2016.
Analog Devices and Linear Technology currently expect the
transaction to be completed during the first half of calendar year
2017, subject to receipt of the remaining required regulatory
approvals and the satisfaction or waiver of the other conditions
contained in the merger agreement. Linear Technology stockholders
voted to approve the merger agreement at a meeting held on October
18, 2016.
About Analog Devices
Analog Devices (NASDAQ: ADI) designs and manufactures
semiconductor products and solutions. ADI enables its customers to
interpret the world around us by intelligently bridging the
physical and digital with unmatched technologies that sense,
measure and connect. Visit http://www.analog.com.
About Linear Technology
Linear Technology, a member of the S&P 500, has been
designing, manufacturing and marketing a broad line of high
performance analog integrated circuits for major companies
worldwide for over three decades. The company’s products provide an
essential bridge between our analog world and the digital
electronics in communications, networking, industrial, automotive,
computer, medical, instrumentation, consumer, and military and
aerospace systems. Linear Technology produces power management,
data conversion, signal conditioning, RF and interface ICs,
µModule® subsystems, and wireless sensor network products. For more
information, visit www.linear.com.
Forward-Looking Statements
This press release contains forward-looking statements, which
address a variety of subjects including the expected timetable for
closing of the transaction between Analog Devices, Inc. ("Analog
Devices") and Linear Technology Corporation ("Linear Technology").
Statements that are not historical facts, including statements
about our beliefs, plans and expectations, are forward-looking
statements. Such statements are based on our current expectations
and are subject to a number of factors and uncertainties, which
could cause actual results to differ materially from those
described in the forward-looking statements. The following
important factors and uncertainties, among others, could cause
actual results to differ materially from those described in these
forward-looking statements: the ability to satisfy the conditions
to closing of the proposed transaction, on the expected timing or
at all; the ability to obtain required regulatory approvals for the
proposed transaction, on the expected timing or at all, including
the potential for regulatory authorities to require divestitures in
connection with the proposed transaction; the occurrence of any
event that could give rise to the termination of the merger
agreement; the risk of stockholder litigation relating to the
proposed transaction, including resulting expense or delay; higher
than expected or unexpected costs associated with or relating to
the transaction; the risk that expected benefits, synergies and
growth prospects of the transaction may not be achieved in a timely
manner, or at all; the risk that Linear Technology's business may
not be successfully integrated with Analog Devices' following the
closing; the risk that Analog Devices and Linear Technology will be
unable to retain and hire key personnel; and the risk that
disruption from the transaction may adversely affect Linear
Technology's or Analog Devices' business and relationships with
their customers, suppliers or employees. For additional information
about factors that could cause actual results to differ materially
from those described in the forward-looking statements, please
refer to both Analog Devices' and Linear Technology's filings with
the Securities and Exchange Commission ("SEC"), including the risk
factors contained in each of Analog Devices' and Linear
Technology's most recent Quarterly Reports on Form 10-Q and Annual
Report on Form 10-K. Forward-looking statements represent
management's current expectations and are inherently uncertain.
Except as required by law, we do not undertake any obligation to
update forward-looking statements made by us to reflect subsequent
events or circumstances.
Important Additional Information Will Be
Filed With The SEC
In connection with the proposed transaction, Analog Devices and
Linear Technology have filed and will file relevant information
with the Securities and Exchange Commission, including a
registration statement of Analog Devices on Form S-4 (the
"registration statement") that includes a prospectus of Analog
Devices and a proxy statement of Linear Technology (the "proxy
statement/prospectus"). INVESTORS AND SECURITY HOLDERS OF LINEAR
TECHNOLOGY ARE URGED TO CAREFULLY READ THE ENTIRE REGISTRATION
STATEMENT AND PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION ABOUT ANALOG DEVICES, LINEAR TECHNOLOGY AND THE
PROPOSED TRANSACTION. A definitive proxy statement/prospectus has
been sent to Linear Technology's shareholders. The registration
statement, proxy statement/prospectus and other documents filed by
Analog Devices with the SEC may be obtained free of charge at
Analog Devices’ website at www.analog.com or at the SEC's website
at www.sec.gov. These documents may also be obtained free of charge
from Analog Devices by requesting them by mail at Analog Devices,
Inc., One Technology Way, P.O. Box 9106, Norwood, MA 02062-9106,
Attention Investor Relations, or by telephone at (781) 461-3282.
The documents filed by Linear Technology with the SEC may be
obtained free of charge at Linear Technology's website at
www.linear.com or at the SEC's website at www.sec.gov. These
documents may also be obtained free of charge from Linear
Technology by requesting them by mail at Linear Technology
Corporation, 1630 McCarthy Blvd., Milpitas, CA, 95035-7417,
Attention: Investor Relations, or by telephone at (408)
432-2407.
Non-Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offer of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161020005711/en/
Investor
ContactsAnalog DevicesAli
Husain, 781-461-3282Treasurer & Director of Investor
Relationsinvestor.relations@analog.comorMike Lucarelli,
781-461-3282Senior Manager Investor
Relationsinvestor.relations@analog.comorLinear Technology:Donald P. Zerio,
408-432-1900Vice President, Finance, Chief Financial
OfficerorMedia
ContactsAnalog
DevicesGerald Kimber White, 781-461-3839Senior Director
Corporate Communicationsgerald.kimberwhite@analog.comorLinear TechnologyJohn Hamburger, 408-432-1900
x2419Director, Marketing Communicationsjhamburger@linear.com
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
Von Jul 2024 bis Aug 2024
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
Von Aug 2023 bis Aug 2024