Why Linear Technology’s Stock Soared 29% in Just 30 Minutes

The acquisition news put the Market in the “buy” mode. Plus, the stocks of rival analog IC (integrated circuit) makers also soared on July 26, 2016.

  • Maxim Integrated Products’s (MXIM) stock rose by 5.4% to $40.91.
  • Texas Instruments’s (TXN) stock rose by 7.9% to $71.42.
  • Microchip Technology’s (MCHP) stock rose by 5.7% to $57.34.
  • ON Semiconductor’s (ON) stocks rose by 5.9% to $10.17.

At the end of 2015, ADI and Texas Instruments both made offers to buy Maxim Integrated. However, they later withdrew their offers as they could not agree on a price. Maxim Integrated is open for sale and is welcoming bids.

The analog IC market witnessed two major acquisitions in the last 12 months—Semiconductor (ON) acquired Fairchild Semiconductor for $2.4 billion and Microchip acquired Atmel for ~$3.6 billion.

In this series, we will look deeper into the ADI–LLTC deal and understand the financial and business synergies of the acquisition.

View more information: https://marketrealist.com/2016/07/linear-technology-stock-soar-29-just-30-minutes/

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See also  https://marketrealist.com/2019/01/buffett-and-ge-is-it-the-right-number-and-right-time/

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