Analog Devices, Inc.
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ANALOG DEVICES MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF ANALOG DEVICES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
July 17, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger between Analog Devices, Inc. (NASDAQ: ADI) and Maxim Integrated Products, Inc. (NASDAQ: MXIM) is fair to Analog shareholders.
On July 13, 2020, Analog and Maxim announced that they entered into a definitive agreement under which Analog will acquire Maxim in an all-stock transaction. Under the terms of the agreement, Maxim shareholders will receive 0.630 shares of Analog Devices common stock for each share of Maxim common stock they hold. Upon closing, current Analog Devices stockholders will own approximately 69% of the combined company while Maxim stockholders will own approximately 31%. The consummation of the merger is subject to the satisfaction of customary closing conditions, including, among others, Analog shareholder approval.
The investigation concerns whether Analog and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) determine whether Analog is overpaying for Maxim; (2) conduct a fair sales process; and (3) disclose all material information necessary for Analog shareholders to adequately assess and value the proposed transaction.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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