Texas Instruments (TXN) announces the acquisition of National Semiconductor (NSM) for $25/share,...

|About: Texas Instruments Inc. (TXN)|By:, SA News Editor

Texas Instruments (TXN) announces the acquisition of National Semiconductor (NSM) for $25/share, a 78% premium to today's closing price, in an all-cash transaction of ~$6.5B. The companies expect the deal to close in six to nine months pending regulatory approval. Trading in both companies is halted. (PR)