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Analog Devices Inc (ADI.O)

ADI.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Analog Devices to buy Linear Technology
Tuesday, 26 Jul 2016 04:15pm EDT 

Analog Devices Inc : Sees Q3 diluted earnings per share to be in range of $0.71 to $0.72 . Transaction values Linear Technology at approximately $60.00 per share . Linear Technology shareholders to also get 0.2321 of share of Analog Devices stock for each share of Linear Technology common stock they hold . Expects to achieve $150 million of annualized run-rate cost synergies within 18 months post transaction close . Deal expected to be immediately accretive to Analog Devices' non-GAAP EPS and free cash flow . Post-Closing, Linear Technology shareholders will own approximately 16% of combined company on a fully-diluted basis . Following deal, Linear Technology brand will continue to serve as brand for Analog Devices' power management offerings . GAAP diluted earnings per share to be in range of $0.77 to $0.78 . J.P. Morgan, Bank of America Merrill Lynch, and Credit Suisse are providing committed debt financing for transaction . Says also intends to fund transaction with approximately $7.3 bln of new long term debt . Qatalyst partners is acting as exclusive financial advisor to Linear Technology, and Jones Day is serving as its legal advisor. . Wachtell, Lipton, Rosen & Katz and Wilmer Cutler Pickering Hale And Dorr Llp are serving as its legal advisors . Analog Devices and Linear Technology to combine creating the premier analog technology company . Linear Technology shareholders will receive $46.00 per share in cash.  Full Article

Linear Technology Q4 earnings per share $0.54
Tuesday, 26 Jul 2016 04:01pm EDT 

Linear Technology Corp : Sets quarterly cash dividend of $0.32 per share . Linear Technology reports sequential increases in revenue, net income, and earnings per share . Q4 revenue $373.8 million versus i/b/e/s view $373.9 million . Q4 earnings per share $0.54 . Q4 earnings per share view $0.54 -- Thomson Reuters I/B/E/S .Company will not provide expected financial results for fiscal Q1 of 2017 or future periods.  Full Article

Linear Technology shares spike on report that says Analog Devices in talks to buy the co- CNBC
Tuesday, 26 Jul 2016 02:39pm EDT 

: Linear Technology Corp shares spike on report that says Analog Devices is said to be in talks to buy the co - CNBC (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Analog Devices in advanced talks to buy Linear Technology- Bloomberg
Tuesday, 26 Jul 2016 02:04pm EDT 

:Analog Devices Inc in advanced talks to acquire Linear Technology Corp - Bloomberg, citing sources.  Full Article

Analog Devices reports Q2 GAAP earnings per share $0.55
Wednesday, 18 May 2016 08:32am EDT 

Analog Devices Inc : Q2 non-GAAP earnings per share $0.64 . Q2 GAAP earnings per share $0.55 . Q2 revenue $779 million versus I/B/E/S view $777.6 million . Q2 earnings per share view $0.62 -- Thomson Reuters I/B/E/S . Sets quarterly cash dividend of $0.42 per share . Sees Q3 GAAP revenue $800 million to $840 million . Sees Q3 GAAP gross margin to be stable sequentially . Sees Q3 GAAP earnings per share $0.60 to $0.68 . Sees Q3 non-GAAP earnings per share $0.66 to $0.74 . Q3 earnings per share view $0.75, revenue view $846.6 million -- Thomson Reuters I/B/E/S ."Expect our B2B markets, in aggregate, to grow in mid-to-high single digits on a year-over-year basis in Q3".  Full Article

Analog Devices Inc gives Q2 2016 guidance
Wednesday, 17 Feb 2016 08:00am EST 

Analog Devices Inc:SEES Q2 2016 NON-GAAP EARNINGS PER SHARE $0.58 TO $0.66.SEES Q2 2016 GAAP EARNINGS PER SHARE $0.52 TO $0.60.SEES Q2 2016 NON-GAAP REVENUE DOWN 2% TO UP 4% SEQUENTIALLY.SEES Q2 2016 GAAP REVENUE DOWN 2% TO UP 4% SEQUENTIALLY.Q2 2016 SHR VIEW $0.64, REV VIEW $800.2 MLN -- THOMSON REUTERS I/B/E/S.  Full Article

Analog Devices increases quarterly cash dividend; Approves share repurchase
Tuesday, 16 Feb 2016 04:01pm EST 

Analog Devices:increase its quarterly dividend by 2 cents to $0.42 from $0.40 per outstanding share of common stock.Approved an increase to the Company's share repurchase authorization to $1 billion.Increase is effective with the dividend payable on March 8, 2016 to shareholders of record as of the close of business on February 26, 2016.  Full Article

Analog Devices Inc lowers Q1 2016 guidance
Thursday, 14 Jan 2016 04:38pm EST 

Analog Devices Inc:Expects revenue in Q1 2016 to be in the range of $745 million to $765 million compared to the company's previous forecast of $805 million to $855 million.Sees Q1 2016 non-GAAP earnings per share $0.51 to $0.55.Sees Q1 2016 GAAP earnings per share $0.47 to $0.51.Q1 2016 revenue of $830 million and EPS of $0.69 - Thomson Reuters I/B/E/S.  Full Article

Analog Devices, Inc announces offering and pricing of senior notes
Thursday, 3 Dec 2015 04:35pm EST 

Analog Devices, Inc:Announces offering and pricing of senior notes.Priced an offering of $850 million aggregate principal amount of 3.90% senior unsecured notes due December 15, 2025.Says priced $400 million aggregate principal amount of 5.30% senior unsecured notes due December 15, 2045.Priced $400 million aggregate principal amount of 5.30% senior unsecured notes due December 15, 2045.  Full Article

Analog Devices Inc gives Q1 2016 guidance in line with analysts' estimates
Tuesday, 24 Nov 2015 08:00am EST 

Analog Devices Inc:Expects Q1 2016 GAAP revenue of $805 to $855 million.Expects Q1 2016 Non-GAAP revenue of $805 to $855 million.Expects Q1 2016 GAAP EPS of $0.59 to $0.67.Expects Q1 2016 Non-GAAP EPS of $0.65 to $0.73.Q1 2016 revenue of $835 million and EPS of $0.71 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Prashanth Mahendra-Rajah to join Analog Devices as CFO

* Prashanth Mahendra-Rajah to join Analog Devices as senior vice president, finance and chief financial officer Source text for Eikon: Further company coverage: