It’s finally official, AMD and XLNX have cleared the last regulatory hurdle, with China finally giving approval for the merger to go through. Who would have guessed they would time it with the XLNX earnings? rolleyes
XLNX is up about 6% on the earnings & merger news, while AMD is down a fraction of a percent.
AMD has their earnings next week, Tuesday, Feb. 1, 2022, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EST / 2:00 p.m. PST.
This news is long overdue, and while I’m sure most of it is already “priced in”, there might be some extra volatility today on this news.
Here’s a link to the AMD / XLNX share price ratio chart (updated daily) showing how much of a profit you would get from XLNX shares being converted to AMD shares based on their respective prices:
looks like it is mostly priced in at this point. I don’t think there is much of an arbitrage opportunity left here.
Xilinx and AMD currently anticipate that the closing of the Merger will occur in the first quarter of 2022, subject to the expiration of the waiting period under the HSR Act and the satisfaction (or, to the extent permitted by applicable law, waiver) of the conditions set forth in the Merger Agreement that by their nature are to be satisfied at the closing of the Merger.
Don’t know if it has any implications of meaning or time tables, but there’s a special dividend up:
The special dividend of 37 cents per common share would be payable on Feb. 14 to shareholders of record at the close of business on Feb. 7, the company (Xilinix) said.