AMD stock surged 3% in Tuesday morning trading

AMD stock surged 3% on AMD's planned purchase of Xilinx being approved by UK's antitrust authority.Xilinx shares surged 2%.

• AMD's(NASDAQ:AMD) planned $35B acquisition of Xilinx(NASDAQ:XLNX)has been approved by the UK's Competition and Markets Authority.
• The approval was disclosed on the UK CMA's website.
• In May the UK's CMA said it started its inquiry into the proposed deal.
• Earlier this month, Xilinx gained after report that European antitrust reportedly has no issues with AMD deal. The provisional deadline for EU is June 30.
• The deal still is awaiting approval in China.

In January, the mandatory waiting period required for the FTC and Department of Justice to investigate deals for potential antitrust issues expired.