Recent Securities Litigations
Maxim Integrated Products Inc. Common Stock (NASDAQ: MXIM)
According to the Complaint, Maxim Integrated Products, Inc. develops innovative analog and mixed-signal products and technologies to make systems smaller and smarter, with enhanced security and increased energy efficiency.
This action stems from a proposed transaction announced on July 13, 2020, pursuant to which Maxim Integrated Products, Inc. will be acquired by Analog Devices, Inc.
On July 12, 2020, Maxim’s Board of Directors caused the Company to enter into an agreement and plan of merger with Analog. Pursuant to the terms of the Merger Agreement, Maxim’s stockholders will receive 0.630 shares of Parent common stock for each share of Maxim common stock they own.
On August 18, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.