AMD Set to Close Xilinx Deal on or About Next Monday after Receiving All Regulatory Approvals

Motley Fool2022-02-10

Advanced Micro Devices (NASDAQ:AMD) plans to close it planned $35B acquisition of Xilinx (NASDAQ:XLNX) on or about Monday after receiving all regulatory approvals for the deal. Xilinx rose 1% in premarket trading.

AMD received all regulatory approvals after the U.S. HSR deadline for the deal expired. The chipmaker announced the regulatory approvals in a statement. AMD announced its intention to acquire Xilinx in an all-stock transaction on Oct. 27, 2020.

AMD is able to close its purchase of Xilinx after Chinese antitrust officials approved the deal late last month. China's State Administration for Market Regulation approved the deal, which was the last major regulatory who had to approve the combination.

Last week, AMD soars after Q4 earnings top expectations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • lappiloco
    2022-02-12
    lappiloco
    Time to stock up on AMD at now at $AMD(AMD)$
  • Jess261
    2022-02-11
    Jess261
    Okay
  • Bspn
    2022-02-11
    Bspn
    Ok
  • james_l
    2022-02-11
    james_l
    If not for the fed tightening news , AMD would have soared.
  • vcvcbc
    2022-02-11
    vcvcbc
    g
  • DZL
    2022-02-10
    DZL
    Further soar of AMD with acquisition of Xilinx after approved by Chinese State Regulatory 
Leave a comment
12