Analog Devices Completes Acquisition of Hittite
- ADI RF and microwave portfolio now spans entire frequency spectrum, enabling more complete solutions for customers.
"ADI's portfolio now spans the entire frequency spectrum of RF,
microwave, and millimeter wave," said
"We are very excited to have the Hittite team join ADI and together, we
believe we can create greater value for our customers and our
shareholders," said
ADI also announced its new
As a result of the acquisition, Hittite Microwave's shares of common stock have been delisted from the NASDAQ Global Select Market effective as of the close of trading today.
ADI's management will discuss its third quarter fiscal year 2014
financial results and business outlook for the combined company during
its third quarter earnings conference call scheduled for
Credit Suisse Securities (
Forward-Looking Statements
This press release contains forward-looking statements, which address
a variety of subjects including, for example, the expected benefits of
the transaction to customers and shareholders, and ADI's expected
product development and technical advances resulting from the
transaction. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking
statements. Such statements are based on our current expectations and
are subject to a number of factors and uncertainties, which could cause
actual results to differ materially from those described in the
forward-looking statements. The following important factors and
uncertainties, among others, could cause actual results to differ
materially from those described in these forward-looking statements: we
may experience higher than expected or unexpected costs associated with
or relating to the transaction; the expected benefits, synergies and
growth prospects of the transaction may not be achieved in a timely
manner, or at all; Hittite's business may not be successfully integrated
with ADI's following the closing; and disruption from the transaction
may adversely affect Hittite's relationships with its customers,
suppliers or employees. For additional information about factors that
could cause actual results to differ materially from those described in
the forward-looking statements, please refer to both ADI's and Hittite's
filings with the
About
Innovation, performance, and excellence are the cultural pillars on
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Investors:
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or
Press:
Ms.
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