Texas Instruments announced on Tuesday that it has signed an agreement to acquire its rival, National Semiconductor, in an all-cash transaction totaling US$6.5 billion. This will merge two leading analog semiconductor companies. National’s shareholders will receive $25 a share, 78 percent higher than its most recent closing price of $14.07. Both companies will operate independently pending the close of the acquisition, projected to be six to nine months from now. National’s stock shot up 70 percent Wednesday morning. This acquisition will create a single analog portfolio with a wide selection of 42,000 products.
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Tough Execution Ahead for TI, National Merger
Posted by: Rob Spiegel April 5, 2011 12:12 PMTexas Instruments announced on Tuesday that it has signed an agreement to acquire its rival, National Semiconductor, in an all-cash transaction totaling US$6.5 billion. This will merge two leading analog semiconductor companies. National’s shareholders will receive $25 a share, 78 percent higher than its most recent closing price of $14.07. Both companies will operate independently pending the close of the acquisition, projected to be six to nine months from now. National’s stock shot up 70 percent Wednesday morning. This acquisition will create a single analog portfolio with a wide selection of 42,000 products.