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Stock Market & Financial Investment News

News Breaks
June 9, 2014
12:44 EDTADI, HITT Analog Devices acquisition positive, says Oppenheimer
After Analog Devices (ADI) said it intends to buy Hittite Microwave (HITT), Oppenheimer thinks the deal gives Analog Devices increased high-margin, "sticky" comms/industrial RF exposure at a surprisingly low price. The firm sees Hittite's products as complementary for Analog Devices' products, and it thinks the deal could be more than 15% accretive for Analog Devices' 2015 EPS. It keeps an Outperform rating on Analog Devices.
News For ADI;HITT From The Last 14 Days
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July 22, 2014
14:55 EDTHITTGabelli raises stake in Hittite Microwave to 6.5% from 5.4%
07:08 EDTADI, HITTAnalog Devices completes tender offer for Hittite Microwave shares
Analog Devices (ADI) announced it has completed its tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corporation (HITT) for $78.00 per share in cash, and ADI has accepted for payment and will promptly pay the depositary for all validly tendered shares. ADI expects to complete the acquisition of Hittite Microwave later today and will issue a press release to notify stakeholders. The tender offer expired at 12:00 midnight, New York City time, at the end of July 21, 2014. As of the expiration of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.
July 16, 2014
18:02 EDTADI, HITTEducation Realty to replace Hittite Microwave in S&P 600 as of 7/21 close
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July 15, 2014
16:09 EDTHITTGabelli reports 5.4% stake in Hittite Microwave
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