Tags: Analog | Hittite | cash | debt

Chipmaker Analog Devices to Buy Hittite Microwave in $2 Billion Deal

Monday, 09 Jun 2014 08:09 AM

Chipmaker Analog Devices Inc. said it would buy Hittite Microwave Corp. in a deal valued at $2 billion.

Analog will pay $78 per share in cash, which represents a premium of 28.8 percent to Hittite Microwave's Friday close of $60.56 per share.

Analog said it expected to fund the acquisition through cash on hand and short-term debt.

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Chipmaker Analog Devices Inc. said it would buy Hittite Microwave Corp. in a deal valued at $2 billion.
Analog, Hittite, cash, debt
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2014-09-09
Monday, 09 Jun 2014 08:09 AM
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