In this Felix synergies challenge, we've been asked to gather some information and analysis in relation to analog devices acquisition of Maxim Integrated that was first announced in July of 2020, and the transaction completed in August of 2021.

We've been provided with a link into Felix to give us the information to answer the following questions.

So the first question, what synergies are expected by management, and what is the timeframe for those synergies? So if we click on this link, it'll take us through to the following web page.

We can see that from this press release.

On the third bullet point that the cost synergies are expected to be 275 million by the end of the second year.

The next question that we're asked is, what is the expected source of these synergies? And again, we can see that from the press release extract slightly further down this time within the compelling strategic and financial rationale.

The penultimate bullet point says that towards the second half of it, that the cost synergies are primarily driven by lower operating expenses and cost of goods sold.

We can also see from this bullet point that additional cost synergies from manufacturing optimization are expected as well by the end of year three.

This is interesting information, but it's provided without any numerical valuation applied to it.

And there's also some indication given in relation to revenue synergies, although this is not explicit.

If we look at the very first bullet point here, there seems to be an expectation that there is increased global scale through the combination of the product lines of both analog and Maxim.

There's no explicit information given here, but this would seem to suggest some expectation of some revenue synergies as well.

So we can see that even though only one value is given to the synergies for those cost synergies, there are also two other potential sources of synergies that are either explicitly or implicitly alluded to within this press release.