Deals
Texas Instruments to Acquire National Semi for $6.5 Billion
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Texas Instruments Inc., the second-largest U.S. chipmaker, agreed to buy National Semiconductor Corp. for about $6.5 billion, its biggest acquisition, to add higher margin analog semiconductors.
National Semiconductor shareholders will get $25 a share in the all-cash transaction, the Dallas-based company said today in a statement. That’s a 78 percent premium to National Semiconductor’s closing price today of $14.07.