Texas Instruments/National Semiconductor
On April 4, 2011, Texas Instruments (NYSE: TXN) and National Semiconductor (NYSE: NSM) entered into an agreement whereby Texas Instruments will acquire National Semiconductor for $25 per share in cash, or total consideration of $6.5 billion.
Upon close of the transaction, National Semiconductor becomes part of Texas Instruments' analog segment, and sales of analog semiconductors will represent almost 50 percent of TI's revenue.
The transaction is expected to close in six to nine months.
Upon close of the transaction, National Semiconductor becomes part of Texas Instruments' analog segment, and sales of analog semiconductors will represent almost 50 percent of TI's revenue.
The transaction is expected to close in six to nine months.
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FBR Capital Downgrades National Semiconductor (NSM) to Market Perform on TI Acquisition
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Deutsche Bank Downgrades National Semiconductor Corp. (NSM) to Hold Post TXN Offer
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Intersil (ISIL) Highlighted As Takeover Target, Shares Up Nearly 5%
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Canaccord Genuity Morning Coffee on Natl. Semiconductor (NSM) and Texas Instruments (TXN): Digging Deeper
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TI (TXN) Retakes MEMS Lead on Resurgence of DLP Demand (HPQ) (STM)
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Notable ETF Movers of the Day 04/05: (XRT) (SMH) (GLD) Higher; (EWJ) (VXX) (FXI) Lower
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Notable Mergers and Acquisitions of the Day 04/05: (TXN)/(NSM) (MRK)/(ISPH) (DMND)/(PG)
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Canaccord Genuity Maintains a 'Hold' on Texas Instruments (TXN); Paying Large Premium for NSM
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Miller Tabak Downgrades National Semiconductor Corp. (NSM) to Sell; Philosophically We Are A Seller Of Announced Acquisition
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Needham & Company Maintains a 'Buy' on Texas Instruments (TXN); TI to Acquire NSM in an Accretive $6.5B Deal; Time to Revisit Analog Value Names
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Auriga Maintains a 'Sell' on Texas Instruments (TXN); Cheap Money = Easily Accretive Deal

