LONDON—Both Texas Instruments Inc. and Analog Devices Inc. have decided not to pursue an acquisition of Maxim Integrated Products Inc. according to a Bloomberg report that referenced unnamed sources.
Neither potential buyer could agree a price with Maxim (San Jose, Calif.), which was looking for a large premium, the report said.
Maxim, an analog and mixed-signal chip company, was conducting a strategic review of its business with a bank in October 2015 when it was approached by Analog Devices (see Report: Analog Devices, Maxim in merger talks). A week later it was revealed that Texas Instruments were aslo involved in talks with Maxim.
Maxim is continuing to work on its strategic plan with Goldman Sachs Group and this could include a sale of Maxim or the acquisition of smaller companies by Maxim, the report said.
—Peter Clarke covers business news and analog for EE Times Europe.
Article originally published on EE Times Europe.