The merger of AMD and Xilinx is still underway, with Investing.com postponing the first quarter of 2022

Author: Daniel Shvartsman

Investing.com – AMD and Xilinx (NASDAQ 🙂 have announced that the purchase of the former will close in Q1 in 2022.

“We continue to make good progress on the regulatory approvals required to close our transaction,” he said. Press release he stated. “Although we hoped to get full approval by the end of 2021, we have not yet completed the process and now expect to close the transaction in the first quarter of 2022. Our talks with regulators continue to be productive and we hope to secure all required approvals.”

In pre-market trade, AMD rose .34% while Xilinx fell 1.7% on the timeline for the deal.

AMD announced the deal in October 2020. It is a merger of all shares, and XLNX shareholders receive 1,7234 shares of AMD for each XLNX share. At current pre-market levels, this would cost Xilinx approximately $ 251 / share, with its current share price being $ 210.2, a 19% increase. It seems that the biggest cause of the expansion is the question of whether Chinese regulators will accept the merger.

AMD continued its impressive turnaround in 2021, rising 58% a year as it threatens Intel’s market share and continues to compete with Nvidia. Xilinx rose 51% in value as it is mostly tied to AMD’s share price, however expanded.

Also read: