AMD to acquire Xilinx in all-stock deal valued at $35 billion

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Advanced Micro Devices Inc. said Tuesday it has reached an agreement to acquire Xilinx Inc. in an all-stock deal valued at $35 billion. Xilinx shareholders Will receive 1.7234 share of AMD for each share owned, equal to $143 in cash. AMD shareholders will own about 74$ of the net entity, while Xilinx shareholders own the remaining 26%. The deal is expected to close before end 2021. “The combination will create the industry’s leading high performance computing company, significantly expanding the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader,” the companies said in a statement. “The transaction is expected to be immediately accretive to AMD margins, EPS and free cash flow generation and deliver industry-leading growth.” Xilinx shares jumped 11% premarket on the news, while AMD fell 3.7%.
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