Jones Day Reps Texas Instruments In $6.5B Deal

Law360, New York (April 4, 2011, 8:07 PM EDT) -- Texas Instruments Inc. announced Monday it had agreed to acquire competitor National Semiconductor for $6.5 billion in a deal to reinforce its position as leader of the $42 billion analog semiconductors market.

Under the terms of the all-cash deal, unanimously approved by the boards of directors of both companies, National shareholders will get $25 per share.

"This acquisition is about strength and growth," TI Chairman, President and CEO Rich Templeton said. "National has an excellent development team, and its products combined with our own can offer...
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