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Fly News Breaks for January 11, 2016
TXN, ADI, MXIM
Jan 11, 2016 | 08:41 EDT
After Bloomberg reported that Analog Devices (ADI) and Texas Instruments (TXN) had ended their talks about buying Maxim Integrated (MXIM), Sterne Agee CRT still believes that a deal could get done if Maxim agrees to accept a price around $44 per share, versus its current target of $47. If a deal does not materialize, the firm thinks that the company's cash flow will continue to rise. It keeps a $40 price target and Buy rating on the name.
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