Analog Devices, TI say “no thanks” to Maxim buy

Analog Devices, TI say “no thanks” to Maxim buy
Both Texas Instruments (Dallas, TX) and Analog Devices (Norwood, MA) have decided not to pursue an acquisition of Maxim Integrated (San Jose, CA) according to a Bloomberg report that referenced unnamed sources.
By eeNews Europe

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Neither potential buyer could agree on a price with Maxim, which was looking for a large premium, the report said.

Maxim, an analog and mixed-signal chip company, was conducting a strategic review of its business with a bank in October 2015 when it was approached by Analog Devices (see Report: Analog Devices, Maxim in merger talks). A week later it was revealed that Texas Instruments was also involved in talks with Maxim.

Maxim is continuing to work on its strategic plan with Goldman Sachs Group and this could include a sale of Maxim or the acquisition of smaller companies by Maxim, the report said.

Maxim Integrated: www.maximintegrated.com
Analog Devices: www.analog.com
Texas Instruments: www.ti.com

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