China OKs Analog Devices’ Maxim Takeover

Chinese antitrust authorities cleared the Analog Devices acquisition of chipmaker Maxim, said the buyer Monday. The all-stock transaction is expected to close by Thursday, it said. Analog Devices announced the Maxim buy in July 2020. It will schedule a conference call after the close to update investors on its "capital return plans," said Chief Financial Officer Prashanth Mahendra-Rajah last week.