Texas Instruments to Acquire National Semiconductor
There seems to be acquisitions of all types these days in the current economy, and today is no different. Texas Instruments has just announced it intends to acquire National Semiconductor for $25 a share, a value much higher than the $14 and change reported by the New York Stock Exchange earlier in the day. National seems to be quite happy with the deal, with its CEO Dan Macleod saying how the two companies complement each other well. TI will add National's strong analog business to its own fairly strong analog business, though TI should benefit from National's greater power management capabilities. TI is going to do everything possible to ensure that National's customers experience "a seamless, hassle-free merger," and no products will need to be requalified through TI since the National fabrication plants will remain open. I've dealt with both TI and National for op-amps and various other parts, so hopefully the merger keeps the quality of parts just as high as before.