AMD stock surged 3% in Tuesday morning trading

Tiger Newspress2021-06-29

AMD stock surged 3% on AMD's planned purchase of Xilinx being approved by UK's antitrust authority.Xilinx shares surged 2%.

  • AMD's(NASDAQ:AMD) planned $35B acquisition of Xilinx(NASDAQ:XLNX)has been approved by the UK's Competition and Markets Authority.
  • The approval was disclosed on the UK CMA's website.
  • In May the UK's CMA said it started its inquiry into the proposed deal.
  • Earlier this month, Xilinx gained after report that European antitrust reportedly has no issues with AMD deal. The provisional deadline for EU is June 30.
  • The deal still is awaiting approval in China.

In January, the mandatory waiting period required for the FTC and Department of Justice to investigate deals for potential antitrust issues expired.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • eLonTong
    2021-06-30
    eLonTong
    Is it sustainable ?
  • JQJQ
    2021-06-30
    JQJQ
    Could be a worthy rival to nvidia?
  • Gzong
    2021-06-30
    Gzong
    Like and comment
    • Gzong: 
      best buy!
    • JeremyKok: 
      hi. please like and comment back. thank you.
  • Val準凖
    2021-06-30
    Val準凖
    Woow
  • diggydog
    2021-06-30
    diggydog
    Super stonk
  • Arseng
    2021-06-30
    Arseng
    Nice~pls like and comment. Tks!
Leave a comment
88