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- 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.
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