Vivian D. Labbe
0
All posts from Vivian D. Labbe
Vivian D. Labbe in Mergers & Acquisitions,

Analog Devices, Linear Combine To Form 'Powerhouse,' Says BMO

BMO has raised its price target on Analog Devices, Inc.  to $85 from $65 following its $14.8 billion acquisition of Linear Technology Corporation , saying the combined entity will be "another analog powerhouse" after Texas Instruments Incorporated .

BMO is positive on the deal and said, "We do not believe ADI could have acquired a better asset to complement its business."

BMO predicts analog to become a $46 billion industry at the end of 2016, with Texas Instruments expected to capture about 18 percent share. The combination of Analog and Linear will result in an 11 percent share.

Source