8-KOther EventsExhibits & Filings

ANALOG DEVICES INC 8-K Report, Corporate Update (Nov 29, 2016)

Filed November 29, 2016For Securities:ADI

Summary

Analog Devices, Inc. (ADI) filed this Form 8-K on November 29, 2016, to provide updated pro forma financial information related to its proposed acquisition of Linear Technology Corporation (Linear). This filing includes unaudited pro forma condensed combined financial statements as of October 29, 2016, and for the year then ended. The purpose of this filing is to offer investors a clearer view of the potential financial landscape post-acquisition, supplementing earlier disclosures about the merger agreement signed on July 26, 2016. The report emphasizes that these pro forma financials were not previously required in the initial prospectus and proxy statement filings. ADI continues to highlight various risks and uncertainties associated with the transaction, including integration challenges, regulatory approvals, potential divestitures, and the ability to realize expected synergies. Investors are strongly encouraged to review the detailed information in the associated Form S-4 registration statement and proxy statement/prospectus filed with the SEC for a comprehensive understanding of the merger's implications.

Key Highlights

  • 1ADI is filing updated unaudited pro forma condensed combined financial statements (balance sheet as of Oct 29, 2016, and income statement for the year ended Oct 29, 2016) related to its proposed acquisition of Linear Technology Corporation.
  • 2This information is being provided in connection with investor presentations starting November 29, 2016.
  • 3The pro forma financials were not required in the initial prospectus and proxy statement filed on September 16, 2016.
  • 4The filing reiterates the ongoing risks and uncertainties associated with the Linear acquisition, including integration, regulatory approvals, and synergy realization.
  • 5ADI strongly advises investors to consult the detailed Form S-4 registration statement and proxy statement/prospectus for comprehensive information on the transaction.
  • 6The report includes standard forward-looking statement disclaimers, outlining potential risks that could cause actual results to differ from projections.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide investors with updated unaudited pro forma condensed combined financial information for Analog Devices, Inc. (ADI) and Linear Technology Corporation (Linear) in anticipation of their merger. This includes a pro forma balance sheet as of October 29, 2016, and a pro forma statement of income for the year ended October 29, 2016.

These pro forma financials are being filed now to supplement the information previously provided and to support investor presentations scheduled to begin on November 29, 2016. They offer a clearer prospective view of the combined entity's financial position and performance, which was not a mandatory inclusion in the initial registration and proxy statement filings.

The filing highlights several risks, including the ability to obtain necessary regulatory approvals on time, potential divestitures required by regulators, the risk of stockholder litigation, unexpected transaction costs, the possibility that expected synergies and growth prospects may not be achieved, challenges in integrating Linear's business, retaining key personnel, and potential disruption to business and customer relationships from the transaction.

Investors are strongly encouraged to read the complete Form S-4 registration statement and the accompanying proxy statement/prospectus filed with the SEC. These documents, along with other filings from ADI and Linear, can be accessed free of charge on the SEC's website (www.sec.gov) or through the respective company websites (www.analog.com for ADI and www.linear.com for Linear).