北京2016年7月28日電 /美通社/ -- ADI 公司（NASDAQ:ADI）（“Analog Devices”）和凌力爾特公司（NASDAQ:LLTC） （“Linear Technology”）于美東時(shí)間7月26日宣布雙方已達(dá)成最終協(xié)議，ADI 公司以現(xiàn)金和股票交易方式收購凌力爾特公司，合并后公司總市值約為300億美元(1)。收購?fù)瓿芍螅珹DI 公司將成為全球首要的領(lǐng)先模擬技術(shù)公司，預(yù)計(jì)年度收入近50億美元。
根據(jù)協(xié)議條款，交易結(jié)束后，持有凌力爾特公司普通股的股東，每股可兌換46美元現(xiàn)金和0.2321股 ADI 公司普通股。在本次交易中，凌力爾特公司股份估價(jià)為每股約60美元(1)，這表示凌力爾特公司的股權(quán)價(jià)值約為148億美元(1)。
ADI 公司總裁兼首席執(zhí)行官 Vincent Roche 表示：“ADI 公司和凌力爾特公司的合并將半導(dǎo)體行業(yè)較強(qiáng)的兩個(gè)業(yè)務(wù)和技術(shù)公司聯(lián)合起來。我們共同專注于卓越的工程設(shè)計(jì)，將高度互補(bǔ)的行業(yè)領(lǐng)先產(chǎn)品進(jìn)行組合，有利于解決客戶在真實(shí)世界和數(shù)字世界交融時(shí)面臨的最難、較復(fù)雜的挑戰(zhàn)。我們?yōu)楣I(yè)、汽車和通訊基礎(chǔ)設(shè)施的客戶創(chuàng)設(shè)一個(gè)無可比擬的創(chuàng)新和支持伙伴。此次收購對我們的客戶、員工和行業(yè)意義深遠(yuǎn)，我對此感到非常激動。”
凌力爾特公司執(zhí)行主席兼聯(lián)合創(chuàng)始人 Bob Swanson 補(bǔ)充：“35年以來，凌力爾特公司通過有機(jī)式的業(yè)務(wù)增長，取得了巨大成功。然而，凌力爾特和 ADI 的合并潛力無限，有希望真正達(dá)到一加一大于二的效果。因此，凌力爾特公司董事會認(rèn)為這次交易極具吸引力，可以帶給股東切實(shí)的利益，合并后公司股票也有望升值。ADI 公司聲名遠(yuǎn)播。技術(shù)優(yōu)勢的互補(bǔ)結(jié)合給了我們絕佳的機(jī)會，可以借此增強(qiáng)我們在模擬和功率半導(dǎo)體市場上的領(lǐng)導(dǎo)力，增加股東權(quán)益。凌力爾特和 ADI 將共同推進(jìn)技術(shù)發(fā)展，向全球客戶提供創(chuàng)新的模擬解決方案。我們致力于攜手 ADI 團(tuán)隊(duì)，確保平穩(wěn)過渡。”
引人注目的戰(zhàn)略和財(cái)務(wù)效益
Roche 先生總結(jié)表示：“我們對凌力爾特品牌抱有較大誠意的尊重和贊賞。毫無疑問，我們兩家公司的結(jié)合將會締造值得信賴的行業(yè)領(lǐng)導(dǎo)者，為雙方的股東創(chuàng)造出巨大價(jià)值。”
交易結(jié)束后，ADI 公司總裁兼首席執(zhí)行官 Roche 先生將繼續(xù)擔(dān)任合并后的公司總裁兼首席執(zhí)行官，ADI 公司高級副總裁和首席財(cái)務(wù)官 David Zinsner 將繼續(xù)擔(dān)任合并后的公司高級副總裁和首席財(cái)務(wù)官。ADI 公司和凌力爾特公司計(jì)劃為合并后的公司打造一支強(qiáng)大的領(lǐng)導(dǎo)團(tuán)隊(duì)，涵蓋兩家公司各個(gè)職能部門的代表。凌力爾特品牌將繼續(xù)作為 ADI 公司電源管理產(chǎn)品的品牌。合并公司將沿用 Analog Devices, Inc. 的名字并繼續(xù)在納斯達(dá)克以 ADI 作為代碼進(jìn)行交易。
交易結(jié)構(gòu)和交易條款
根據(jù)協(xié)議條款，交易完成時(shí)，持有凌力爾特公司普通股的股東，每股可兌換46美元現(xiàn)金和0.2321股 ADI 公司普通股。在本次交易中，凌力爾特公司股份估價(jià)為每股約60美元(1)，這表示凌力爾特公司的股權(quán)價(jià)值約為148億美元(1)。交易結(jié)束后，凌力爾特公司股東將擁有合并公司約16%的完全稀釋股數(shù)。
ADI 公司計(jì)劃通過以下方式為本次交易籌資：約5800萬股 ADI 公司新普通股、約73億美元新型長期債務(wù)以及合并公司資產(chǎn)負(fù)債表現(xiàn)金的剩余部分。新型長期債務(wù)由全額包銷的過渡性貸款承諾承擔(dān)，預(yù)計(jì)包括定期貸款和債券，尤其是預(yù)付債務(wù)，以便快速減債。
兩家公司的董事會已一致批準(zhǔn)本次交易。本次交易預(yù)計(jì)將在2017年上半年末完成，需要通過各司法管轄監(jiān)管部門的批準(zhǔn)以及凌力爾特公司股東的批準(zhǔn)，還需要滿足其他例定成交條件。
ADI公司財(cái)務(wù)預(yù)報(bào)
ADI 公司同時(shí)縮小范圍并提高了2016財(cái)年第三季度的財(cái)務(wù)預(yù)報(bào)，營收預(yù)計(jì)約為8.65億美元，每股稀釋收益為0.71至0.72美元，非一般公認(rèn)會計(jì)原則每股稀釋收益預(yù)計(jì)為0.77至0.78美元。非一般公認(rèn)會計(jì)原則每股收益預(yù)估反映了攤銷購買無形資產(chǎn)和已購固定資產(chǎn)強(qiáng)化價(jià)值貶值的預(yù)期調(diào)整，資產(chǎn)價(jià)值總計(jì)1900萬美元。
顧問
瑞信是 ADI 公司的全權(quán)財(cái)務(wù)顧問，Wachtell、Lipton、Rosen & Katz 律師事務(wù)所以及威凱平和而德律師事務(wù)所為其法律顧問。摩根大通、美銀美林和瑞信為本次融資交易提供債務(wù)承諾。Qatalyst Partners 是凌力爾特公司的全權(quán)財(cái)務(wù)顧問，Jones Day 為其法律顧問。
電話會議和直播信息
ADI 公司和凌力爾特公司管理層將已于美國東部時(shí)間2016年7月26日下午5:00召開電話會議，討論交易細(xì)節(jié)。
會議將提供回放（資料開放兩周），屆時(shí)可撥打（855）859-2056（僅限回放）并提供會議ID：56173988，也可訪問 investor.analog.com，以獲得回放資料。
關(guān)于ADI公司
Analog Devices, Inc.（簡稱ADI）始終致力于設(shè)計(jì)與制造先進(jìn)的半導(dǎo)體產(chǎn)品和優(yōu)秀解決方案，憑借杰出的檢測、測量和連接技術(shù)，搭建連接現(xiàn)實(shí)世界和數(shù)字世界的智能化橋梁，從而幫助客戶重新認(rèn)識周圍的世界。詳情請瀏覽 ADI 官網(wǎng) http://www.analog.com/cn。
關(guān)于凌力爾特公司
凌力爾特公司（Linear Technology）是S&P 500 指數(shù)的成員，在過往的30 多年，一直致力于為全球主要的公司設(shè)計(jì)、制造和銷售門類寬泛的高性能模擬集成電路。凌力爾特的產(chǎn)品為我們身處的模擬世界與數(shù)字化電子建立起不可或缺的橋梁，應(yīng)用范圍包括通信、網(wǎng)絡(luò)、工業(yè)、汽車、計(jì)算機(jī)、醫(yī)療、儀表、消費(fèi)、以及軍事和航天系統(tǒng)等領(lǐng)域。凌力爾特制造的產(chǎn)品包括電源管理、數(shù)據(jù)轉(zhuǎn)換、信號調(diào)理、RF 和接口IC、μModule®子系統(tǒng)、以及無線傳感器網(wǎng)絡(luò)產(chǎn)品。如需更多信息，請登錄 http://www.linear.com.cn。
注：
(1)截至2016年7月21日，彭博顯示的 ADI 公司5日成交量加權(quán)平均價(jià)為60.3215美元。
Forward Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the transaction between Analog Devices, Inc. (“Analog Devices”) and Linear Technology Corporation (“Linear Technology”), the expected benefits and synergies of the transaction, including the effect of the transaction on Analog Devices’ revenues, non-GAAP earnings, free cash flow, capital returns and expected growth rates of the combined companies, Analog Devices’ expected product offerings, product development, marketing position and technical advances resulting from the transaction, the availability of debt financing for the transaction, Analog Devices’ timing and ability to repay the debt and Analog Devices’ guidance for its third quarter of fiscal 2016. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: the ability to satisfy the conditions to closing of the proposed transaction, on the expected timing or at all; the ability to obtain required regulatory approvals for the proposed transaction, on the expected timing or at all, including the potential for regulatory authorities to require divestitures in connection with the proposed transaction; the occurrence of any event that could give rise to the termination of the merger agreement; the risk of stockholder litigation relating to the proposed transaction, including resulting expense or delay; higher than expected or unexpected costs associated with or relating to the transaction; the risk that expected benefits, synergies and growth prospects of the transaction may not be achieved in a timely manner, or at all; the risk that Linear Technology’s business may not be successfully integrated with Analog Devices’ following the closing; the risk that Analog Devices and Linear Technology will be unable to retain and hire key personnel; and the risk that disruption from the transaction may adversely affect Linear Technology’s or Analog Devices’ business and relationships with their customers, suppliers or employees. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to both Analog Devices’ and Linear Technology’s filings with the Securities and Exchange Commission (“SEC”), including the risk factors contained in each of Analog Devices’ and Linear Technology’s most recent Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
Important Additional Information Will Be Filed With The SEC
In connection with the proposed transaction, Analog Devices and Linear Technology intend to file relevant information with the SEC, including a registration statement of Analog Devices on Form S-4 (the “registration statement”) that will include a prospectus of Analog Devices and a proxy statement of Linear Technology (the “proxy statement/prospectus”). INVESTORS AND SECURITY HOLDERS OF LINEAR TECHNOLOGY ARE URGED TO CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ANALOG DEVICES, LINEAR TECHNOLOGY AND THE PROPOSED TRANSACTION. A definitive proxy statement/prospectus will be sent to Linear Technology’s shareholders. The registration statement, proxy statement/prospectus and other documents filed by Analog Devices with the SEC may be obtained free of charge at Analog Devices’ website at www.analog.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Analog Devices by requesting them by mail at Analog Devices, Inc., One Technology Way, P.O. Box 9106, Norwood, MA 02062-9106, Attention: Investor Relations, or by telephone at (781) 461-3282. The documents filed by Linear Technology with the SEC may be obtained free of charge at Linear Technology’s website at www.linear.com or at the SEC’s website at www.sec.gov. These documents may also be obtained free of charge from Linear Technology by requesting them by mail at Linear Technology Corporation, 1630 McCarthy Blvd., Milpitas, CA, 95035-7417, Attention: Investor Relations, or by telephone at (408) 432-2407.
Participants in the Solicitation
Linear Technology, Analog Devices and certain of their directors, executive officers and employees may be deemed participants in the solicitation of proxies from Linear Technology shareholders in connection with the proposed transaction. Information regarding the persons who may be deemed to be participants in the solicitation of Linear Technology shareholders in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus when it is filed with the SEC. Information about the directors and executive officers of Analog Devices and their ownership of Analog Devices’ common stock is set forth in the definitive proxy statement for the Analog Devices’ 2016 annual meeting of shareholders, as previously filed with the SEC on January 28, 2016. Information about the directors and executive officers of Linear Technology and their ownership of Linear Technology common stock is set forth in the definitive proxy statement for Linear Technology’s 2015 annual meeting of shareholders, as previously filed with the SEC on September 17, 2015. Free copies of these documents may be obtained as described in the paragraphs above.
Non-Solicitation
This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
