Analog Devices (NASDAQ:ADI) and Maxim Integrated (NASDAQ:MXIM) may announce a deal as soon as Monday, the WSJ reported, citing sources.
The deal is likely all-stock and follows speculation for years that the two rivals could combine. The deal to acquire Maxim will likely be in excess of Maxim’s current market cap of $17 billion.
The report does hedge that talks between the company could still fall apart and is not guaranteed.
The deal could be a boon for trading activity in iShares PHLX SOX Semiconductor Sector Index ETF (NASDAQ:SOXX), in which Analog is a top ten holding.