Report: Analog, TI both pass on Maxim purchase

January 21, 2016 //By Peter Clarke
Report: Analog, TI both pass on Maxim purchase
Both Texas Instruments Inc. and Analog Devices Inc. have decided not to pursue an acquisition of Maxim Integrated Products Inc. according to a Bloomberg report that referenced unnamed sources.

Neither potential buyer could agree a price with Maxim (San Jose, Calif.), 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 were aslo 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.

Related links and articles:

Bloomberg report

www.maximintegrated.com

www.analog.com

www.ti.com

News articles:

Report: Analog Devices, Maxim in merger talks

Analog Devices is Sand 9 buyer

ADI swallows Hittite, gains acquisition skill

CEO Interview: Doluca preps Maxim for IoT era


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