Xilinx shares gain after Analog Devices purchase of Maxim gets China approval
Tiger Newspress2021-08-23
Xilinx shares rose 5% in premarket trading after China approved Analog Devices planned purchase of Maxim Integrated as investors await China OK for AMD's purchase of Xilinx. AMD rose 0.8%.
Traders were eagerly awaiting Chinese approval for the deal as a barometer for other deals that also need China antitrust clearance, including AMD's planned purchase of Xilinx and II-VI's planned acquisition of Coherent.
Coherent gained 0.2% in premarket trading.
Last week,Maxim nears session highs after Analog Devices sees deal close within initial time frame.
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