Analog Devices Inc. (Nasdaq: ADI) agreed to acquire Linear Technology Corp. (Nasdaq: LLTC) for about $14.8 billion, potentially restarting a scramble by chipmakers to add scale amid record industry consolidation. For example, Microsemi purchased PMC- Sierra Inc. and Mellanox Technologies (Nasdaq: MLNX) bought EZchip.

Analog will pay $60 a share for rival Linear, in cash and stock -- a premium of 24 percent to its closing price on July 25 -- the two companies said in a statement.

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