TI to acquire National Semiconductor
--Complementary portfolios are foundation for growth --Conference call on TI and National websites at 4:30 p.m. CDT / 2:30 p.m. PDT today --www.ti.com/ir and www.national.com/invest
Texas Instruments Incorporated (TI) (NYSE: TXN) and National Semiconductor (NYSE: NSM) today announced they have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5 billion. The acquisition combines two industry leaders in analog semiconductors, each with unique strengths in delivering products to improve performance and efficiency and convert real-world signals in electronic systems. The boards of directors of both companies have unanimously approved the transaction.
- Published: 04 April 2011
- Written by Editor