UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 8, 2007
Analog Devices, Inc.
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(Exact Name of Registrant as Specified in Charter)
Massachusetts 1-7819 04-2348234
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(State or Other Juris- (Commission (IRS Employer
diction of Incorporation File Number) Identification No.)
One Technology Way, Norwood, MA 02062
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (781) 329-4700
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On November 8, 2007, Analog Devices, Inc. ("Analog") entered into a
Purchase and Sale Agreement with certain subsidiaries of ON Semiconductor
Corporation ("ON") pursuant to which Analog agreed to sell or license to ON the
assets and intellectual property related to Analog's CPU voltage regulation and
PC thermal monitoring product line. The product line to be sold consists of core
voltage regulator products for the central processing unit (CPU) in computing
and gaming applications and temperature sensors and fan-speed controllers for
managing the temperature of the CPU. The parties will also enter into a one-year
manufacturing supply arrangement. ON will pay total consideration to Analog of
approximately $185 million in cash.
The Purchase and Sale Agreement contains customary representations and
warranties, covenants, conditions and post-closing indemnities. Following the
closing of the transaction, Analog shall be subject to certain non-competition
covenants related to the activities of the product line being sold for a
three-year period. Analog has also agreed to provide ON with various transition
services following the closing of the transaction.
The closing of the transaction is subject to the satisfaction of
regulatory requirements and other customary closing conditions.
A copy of the press release issued by Analog on November 8, 2007
concerning the foregoing transaction is filed herewith as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
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99.1 Press Release of the Registrant, dated November 8, 2007
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ANALOG DEVICES, INC.
Date: November 9, 2007
By: /s/ Margaret K. Seif
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Margaret K. Seif
Vice President, General Counsel and
Secretary
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of the Registrant, dated November 8, 2007.