What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to officially announce that Advanced Micro Devices, Inc. (AMD) has received the necessary regulatory approval, specifically the expiration of the Hart-Scott-Rodino Act waiting period, for its proposed acquisition of Xilinx, Inc. It also provides an updated expected closing date for the merger.

When is the AMD-Xilinx merger expected to close?

AMD and Xilinx currently anticipate that the closing of the merger will occur on or about February 14, 2022. However, this is subject to the satisfaction of all other conditions outlined in the merger agreement.

Have all regulatory hurdles for the AMD-Xilinx merger been cleared?

Yes, the filing explicitly states that the applicable waiting period under the HSR Act has expired, and AMD and Xilinx have now received all regulatory approvals required to consummate the merger.

What are the potential risks mentioned regarding the merger?

The filing includes a cautionary note on forward-looking statements, highlighting risks such as failure to satisfy closing conditions, difficulties in integrating the businesses, potential litigation, unforeseen costs, and the impact on relationships with suppliers, customers, and regulators. The success and timing of expected benefits and synergies are also subject to uncertainty.

AMD 8-K SEC Disclosure — Feb 10, 2022

Summary

Advanced Micro Devices, Inc. (AMD) filed an 8-K report on February 10, 2022, to announce a significant development in its pending acquisition of Xilinx, Inc. The report confirms that the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired as of February 9, 2022. This expiration signifies that AMD has now received all necessary regulatory approvals required to complete the merger. This clearance is a crucial step towards the closing of the acquisition. AMD and Xilinx anticipate the merger to be finalized on or about February 14, 2022. Investors should note that this closing is still subject to the satisfaction or waiver of other customary closing conditions outlined in the merger agreement. The report also includes a cautionary note regarding forward-looking statements, highlighting the inherent risks and uncertainties associated with the transaction and its future integration and financial performance.

Key Highlights

1The Hart-Scott-Rodino Act waiting period for the AMD-Xilinx merger has expired.
2All required regulatory approvals for the merger have been obtained.
3The anticipated closing date for the merger is on or about February 14, 2022.
4The closing remains subject to the satisfaction of other conditions in the merger agreement.
5AMD refiled its Premerger Notification with the FTC and Department of Justice on January 10, 2022.
6A joint press release dated February 10, 2022, is included as an exhibit.

ADVANCED MICRO DEVICES INC 8-K Report, Corporate Update (Feb 10, 2022)

Summary

Key Highlights

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