June 9, 2014 / 11:12 AM / 3 years ago

CORRECTED- Chipmaker Analog Devices to buy Hittite Microwave in $2 bln deal

(Corrects to drop reference to debt in paragraph 2)

June 9 (Reuters) - 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.

Reporting by Lehar Maan in Bangalore; Editing by Kirti Pandey

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