EU Antitrust Regulators To Unconditionally Approve Analog-Maxim Acquisition: Reuters

E.U. antitrust regulators are ready to unconditionally approve Analog Devices Inc’s ADI proposed acquisition of Maxim Integrated Products Inc MXIM for $21 billion, Reuters reports.
The deal will drive ADI’s market share in automotive and 5G chipmaking, cementing its position against rivals like Texas Instruments Inc TXN.
ADI held cash and cash equivalents worth $1.05 billion as of January 30, 2021.
Price action: ADI share prices traded higher by 2.96% at $154.33 on the last check Friday. MXIM share prices traded higher by 3.26% at $91.30.