Analog Devices Inks $1.35B Agreement To Acquire Alif
Analog Devices, Inc. (NASDAQ: ADI) and Alif Semiconductor today announced that they have entered into a definitive agreement under which ADI will acquire Alif in an all-cash transaction for $1.35 billion.
Analog Devices is buying a smaller company called Alif for $1.35 billion in cash. This shows Analog Devices thinks Alif's technology will help it grow, so watch whether this deal helps the company make better products and earn more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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