Advanced Micro Devices (NASDAQ:AMD) plans to close it planned $35B acquisition of Xilinx (NASDAQ:XLNX) on or about Monday after receiving all regulatory approvals for the deal. Xilinx rose 1% in premarket trading.
AMD received all regulatory approvals after the U.S. HSR deadline for the deal expired. The chipmaker announced the regulatory approvals in a statement. AMD announced its intention to acquire Xilinx in an all-stock transaction on Oct. 27, 2020.
AMD is able to close its purchase of Xilinx after Chinese antitrust officials approved the deal late last month. China's State Administration for Market Regulation approved the deal, which was the last major regulatory who had to approve the combination.
Last week, AMD soars after Q4 earnings top expectations.