Linear Technology acquired by Analog Devices for $14.8 billion

Client(s) Linear Technology Corporation

Jones Day advised Linear Technology Corporation on its sale to Analog Devices, Inc. Under the terms of the agreement, Linear Technology shareholders received $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology common stock they held at the closing of the transaction. The transaction valued Linear Technology at approximately $60.00 per share, representing an equity value for Linear Technology of approximately $14.8 billion. Post-closing, Linear Technology shareholders own approximately 16 percent of the combined company on a fully-diluted basis.

Linear Technology's and Analog Devices' complementary product portfolios create a comprehensive suite of analog offerings. Analog Devices financed the transaction through a combination of cash and debt.

In addition to M&A representation, Jones Day provided antitrust, employee benefits, intellectual property, and tax advice regarding this transaction.