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Stock Market & Financial Investment News

News Breaks
February 20, 2013
13:36 EDTADIAnalog Devices price target raised to $52 from $46 at Argus
Argus raised its price target on Analog Devices after the company reported slightly lower than expected Q4 EPS and provided in-line guidance, as the firm thinks that margin gains by the company can propel the shares higher. The firm maintains a Buy rating on the stock.
News For ADI From The Last 14 Days
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July 22, 2014
07:08 EDTADIAnalog 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of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.

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