ADI has received all legal approvals for the acquisition of Linear Technology

March 7, 2017 - China, Beijing

o Analog Devices expects to complete the acquisition on March 10, 2017

o ADI's second-quarter 2017 revenue and earnings per share are expected to be between the expected mid-point and high point

o ADI's CFO is about to leave; company appoints temporary CFO

Analog Devices, Inc. (NASDAQ: ADI) today announced that it has received a legal approval from the Chinese Ministry of Commerce ("MOFCOM") for the acquisition of Linear Technology. The approval of MOFCOM is the last legal approval required for this acquisition, and the parties are expected to complete the acquisition on March 10, 2017.

Vincent Roche, President and CEO of Analog Devices, said: "With the approval of the last legal approval, the transaction is nearing completion, and we are ready to integrate ADI with Linear Technology. Since the announcement of the transaction in July, both parties The company has been closely planning and is ready to operate quickly after the transaction is completed. Now that the integration phase is coming, we look forward to creating more value for our customers, employees and shareholders."

Upon completion of the transaction, shareholders holding ordinary shares of Linear Technology are entitled to $46 in cash and 0.2321 shares of common stock in Analog Devices. After the transaction, Linear Technology will delist from the Nasdaq Global Select Market.

Analog Devices also revised its financial forecast for the second quarter of 2017. Company revenue and earnings per share are expected to be between the expected midpoint and high.

CFO resignation and appointment of interim CFO

The company also announced the acceptance of the resignation of Chief Financial Officer David Zinsner, effective March 17, 2017. Mr. Zinsner will leave Analog Devices as president of a venture capital technology company in the Boston area. From March 18, 2017, Eileen Wynne, vice president and chief accounting officer of Analog Devices, will take over as interim CFO until Mr. Zinsner's official successor takes office. The company has announced that it is starting to look for new CFOs.

Mr. Roche said: “I am very grateful to Dave for his selfless dedication to ADI for 8 years. During his tenure at ADI, his focus, achievements and professionalism are exemplary, and I wish him all the best in his new career development.

ADI has a strong financial talent echelon and believes that our long-term chief accounting officer, Eileen Wynne, will be able to complete the transition. ”

Mr. Roche added: "In addition, the prospect of the merger of ADI and Linear Technology is expected. Under the supervision of Dave, the merger plan is nearing completion. It has now entered the implementation phase. According to the plan, our joint management team will Vigorously promote the integration of the two companies."