The share prices of both Analog Devices and Maxim Integrated Products spiked late on Wednesday Oct. 14 after reports that the two companies are in talks about a potential merger.
MADISON, Wis, Oct. 15, 2015 –
The potential deal is the latest in a wave of consolidation taking place across the semiconductor industry.Analog Devices Inc. (Norwood, Mass.), a leading supplier of analog and mixed-signal ICs for signal conversion and amplification and RF applications. It has been on the acquisition trail for some time with a number of smaller deals and a major one taking the company higher into RF when it acquired Hittite Microwave Corp. in 2014.
Maxim's share price jumped from $35.5 to $39 as the news broke and has remained at about $38.5 per share giving a market capitalization of about $10.9 billion. Analog Devices' share price jumped from $58 to $64 on the news but has settled back to about $61 making the company worth about $19.1 billion.
Spokespeople for Analog Devices and Maxim both said their respective companies do not comment on rumors and speculation.