Interim CFO appointed following ADI chief financial officer's departure

Analog Devices' acquisition of Linear Technology Corporation has finally reached the closing stage.

The company announced that the acquisition agreement has received final approval from China's Ministry of Commerce and that the two companies will complete the acquisition on March 10.

In conjunction with the completion of the acquisition, Linear Technology shareholders are expected to receive $46 in cash per share of Linear Technology common stock and 0.2321 shares of Analog Devices common stock. Linear Technology's stock will be delisted from the NASDAQ Global Select Market.




Accordingly, Analog Devices revised its fiscal 2017 second quarter financial outlook, with revenue and earnings per share expected to fall between the midpoint and upper end of guidance.

In connection with this, Vincent Roche, president and CEO of ADI, stated in an official announcement, "Since the acquisition announcement in July of last year, the two companies have undergone intensive planning and preparation. We are pleased to be able to create greater value for our customers, employees and shareholders. Now that we have entered the concrete implementation phase for integration, our management teams will lead the important work for corporate integration as planned."