Linear Technology Corporation (NASDAQ:LLTC) may soon be acquired by a company from the semiconductors industry.
Analog Devices, Inc. (NASDAQ:ADI) is reportedly looking to buy the company in a deal that would combine the talents of both industry veterans.
It is still unclear how much Linear Tech will shell out for Analog Devices. The former is currently valued at around $15 billion.
Additionally, the sources that reported the matter prefer to remain anonymous for the time being. Linear Tech will report earnings after today’s market close.
Analog Devices has a value of about $19.3 billion, and the semiconductor company is a data conversion and signal processing technology company. The Massachussets-based corporation was founded in 1965, and is currently run by Vincent Roche.
Meanwhile, Linear Tech is an analog integrated circuit specialist that was created by Robert H Swanson Jr. in Milpitas, California. The company has been around since the early 1980s.
ADI shares are up 3.9% on Tuesday, and the stock has risen about 13.7% year-to-date. The news has also helped LLTC stock surge about 29% today. Shares are up more than 52% over the last six months.
The semiconductor industry has experienced some consolidation recently, with plenty of mergers occurring in 2015. Avago Technologies Ltd. acquiring rival Broadcom Corp. for $37 billion is one such deal.
Also, check out some semiconductors and semiconductor equipment companies to buy now, according to Portfolio Grader.
