Investing.com-AMD and Xilinx (NASDAQ:) announced that the former’s acquisition of the latter will be completed in the first quarter of 2022.
“We continue to make good progress on the regulatory approvals required to complete the transaction,” Press release Say. “Although we previously expected that we would obtain all approvals by the end of 2021, we have not yet completed the process and we now expect the transaction to be completed in the first quarter of 2022. Our dialogue with regulators continues to be fruitful, and we hope to receive all The necessary approvals.”
exist Pre-market, AMD rose 0.34%, while Xilinx fell 1.7% on the extended trading schedule.
AMD announced the transaction in October 2020. This is an all-stock merger. XLNX shareholders will receive 1.7234 AMD shares for each XLNX share. According to the current pre-IPO level, Xilinx is valued at approximately US$251 per share, while its current share price is US$210.2, with a spread of 19%. Doubts about whether Chinese regulators will approve the merger seem to be the biggest cause of proliferation.
AMD continued its impressive turnaround in 2021, increasing by 58% for the year as it continues to threaten Intel’s market share and compete with Nvidia. Xilinx rose 51% because its value is primarily linked to AMD’s stock price, despite the spread.
Please also read:
Converged Media Fusion Media or anyone associated with Fusion Media will not be liable for any loss or damage caused by relying on the data, quotations, charts, and buy/sell signals contained in this website. Please fully understand the risks and costs associated with financial market transactions. This is one of the most risky forms of investment.