🟢 ADI is trading 3.3% up today after announcing $1.5B Empower Semiconductor acquisition

ADI is trading 3.3% up at $428.10 in pre-market action after announcing a $1.5 billion cash deal to acquire Empower Semiconductor.

• The acquisition is set to expand Analog Devices' high-density power management portfolio.
• Shares are rebounding from recent price weakness, supported by a positive trend in broader Nasdaq futures.