On Tuesday, Shares of Linear Technology Corporation (NASDAQ:LLTC), subtract -0.07% and closed at $58.94 in the last trading session. LLTC stock opened its last trade at $59.23 and after floating in a range of $58.94 to $59.37. The company’s Market capitalization is $14.10 Billion with the total Outstanding Shares of 239.72 million. During the 52-week trading session the minimum price at which share price traded, registered at $37.33 and reached to max level of $64.42. The Earnings per Share of the company stands at $239.72 Linear Technology Corporation (LLTC) (“Linear Technology”) announced that, based on a preliminary vote tally from Linear Technology’s Annual Meeting of Stockholders held earlier today, Linear Technology’s stockholders approved the merger agreement under which Analog Devices, Inc. (ADI) (“Analog Devices”) will acquire Linear Technology. Stockholders also approved the election of the seven Linear Technology directors that were nominated for election and other proposals relating to the transaction.
Approximately 99% of voting LLTC stockholders cast their votes in favor of the proposal to approve the merger agreement, representing approximately 79% of LLTC’s outstanding common stock as of the record date for the Annual Meeting of Stockholders. The final vote results will be reported on a Current Report on Form 8-K that Linear Technology will file with the Securities and Exchange Commission.
Lothar Maier, Linear Technology CEO, commented, “Today our shareholders voted overwhelmingly to approve the combination of Linear Technology and Analog Devices. This highly complementary combination will provide our customers unparalleled access to a broad portfolio of high performance analog and power management products. We are excited and optimistic about the opportunities this creates for shareholders, customers and employees.
Shares of Apache Corporation (NYSE:APA), gained 1.58% and closed at $62.83 in the last trading session. APA stock opened its last trade at $62.44 and after floating in a range of $62.42 to $63.69. The company’s Market capitalization is $23.87 Billion with the total Outstanding Shares of 379.42 million. During the 52-week trading session the minimum price at which share price traded, registered at $32.19 and reached to max level of $66.00. The Earnings per Share of the company stands at $-35.91. STMicroelectronics (STM.PA), a global semiconductor leader serving customers across the spectrum of electronics applications, recently declared that its LSM6DSM 6-axis Inertial Measurement Unit (IMU) has earned certification for use in next-generation mobile devices running Google Daydream, a high-performance virtual-reality platform, and Tango, a platform that maps 3D space and facilitates it to be overlaid with virtual objects.
Declared at the Google I/O Developer Conference 2016, Daydream is being built into the newest generation of smartphones and other mobile devices and will operate together with a controller and a viewer to provide an amazing immersive virtual reality experience for exploring new worlds, enjoying entertainment with your own personal cinema and gaming.
Well suited to Daydream, Tango, and other mobile applications, ST’s 6-axis IMU, which integrates a 3-axis gyroscope and a 3-axis accelerometer, facilitates “always-on” sensing that maximizes battery life to stay on. The IMU’s efficient power-administration techniques include an improved gyroscope design, energy-efficient data batching, and ST’s ultra-low-power process technology.