Wednesday, April 6, 2011

Texas Instruments buys National Semiconductor

Texas Instruments announced it would buy National Semiconductor for $ 6.5 billion paid in cash upon completion of the agreement. The takeover has already been approved by the boards of directors of both companies. Texas Instruments and pay $ 25 per share. The shares were trading at $ 14.07 yesterday.

At this price, TI hopes to reach 17 to 18% of units in the semiconductor market and recover the development teams as well as plants that are National in Scotland, USA and Malaysia. TI has announced that it would strengthen in the field of power management. It will, however, that the purchase is approved by regulators of markets, which should not in principle be a problem.

The National Action grew 70% after the announcement. As a reminder, a U.S. National is known, among others, for its chips optimizing energy efficiency and those dealing with analog signals (especially its audio amplifiers).

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