On July 26, Analog Devices, Inc. and Linear Technology Corporation entered into a definitive agreement under which Analog Devices will acquire Linear Technology in a cash and stock transaction that values the combined enterprise at approximately $30 billion. The transaction is expected to close by the end of the first half of calendar year 2017."
This is a big move for Analog Devices, buying up one of the only other major competitors in the market space for precision analog devices and data converters besides Texas Instruments. They are taking on $7.3 billion of additional debt to complete the purchase of Linear Tech for approximately $14.8 billion. They advertise that the deal will finalize in the first half of 2017. According to their presentation, they have hopes this will nearly double their potential market share.
"When people are least sure, they are often most dogmatic." -- John Kenneth Galbraith