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Posted: 4:33 PM Apr 4, 2011
Texas Instruments Buy Competitor
Texas Instruments buys California Chip maker.
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SAN FRANCISCO (AP) - Texas Instruments says it is buying fellow
chipmaker National Semiconductor for $6.5 billion in cash in a move
to expand its share of the market for analog chips, which are used
in a wide range of electronics.
Texas Instruments Inc., based in Dallas, has agreed to pay $25
per share for Santa Clara, Calif.-based National Semiconductor
Corp. That marks a 78 percent premium to that stock's closing stock
price Monday before the deal was announced.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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