Texas Instruments plans to purchase fellow analog chipmaker National Semiconductor for $6.5 billion, the companies announced today.
TI is paying cash for National Semi. Stockholders will get $25 per share, an $11 per share premium over the $14.07 National Semi shares closed at today. Both boards have already approved the deal. There is a "break-up fee" of $200 million.
TI says the companies' sales force together will be "10 times larger" after the acquisition. Combined, the two could capture a 17 to 18 percent market share, company executives said on a conference call this … Read more