Xilinx Board Declares Special Dividend, Conditioned on AMD Merger
January 26 2022 - 5:34PM
Dow Jones News
By Stephen Nakrosis
Xilinx Inc. on Wednesday said its board approved a special
dividend that will only be payable if the company's previously
announced merger with Advanced Micro Devices Inc. isn't closed by
the record date of the dividend.
Xilinx said, "As previously announced, the parties believe that
the transaction will close in the first quarter of 2022."
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 said.
In October 2020, Advanced Micro Devices said it planned to buy
rival chip maker Xilinx in a $35 billion all-stock deal.
After the bell, Xilinx reported third-quarter earnings per share
of $1.19 on revenue of $1.01 billion. In the year-ago period, the
company reported earnings per share of 69 cents on revenue of $803
million.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 26, 2022 17:19 ET (22:19 GMT)
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