Texas Instruments Buying National Semiconductor

By: Associated Press
By: Associated Press

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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