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Fly News Breaks for September 6, 2016
ADI, LLTC, TXN
Sep 6, 2016 | 06:56 EDT
Citi analyst Christopher Danely points out that Analog Devices (ADI), in its S-4 registration for the Linear Technology (LLTC) acquisition, revealed a competitive bid for Linear from another party. The analyst believes Texas Instruments (TXN) was the other party since it is the only other analog company with enough size to do an acquisition of Linear's size.
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