Acquisition By Texas Instruments
Further information: Texas InstrumentsOn April 4, 2011, Texas Instruments announced that it had agreed to buy National Semiconductor for $6.5 billion in cash. Texas Instruments paid $25 per share of National Semiconductor stock, an 80% premium over the April 4, 2011 closing share price of $14.07. The deal made Texas Instruments one of the world's largest makers of analog technology components. On September 19, 2011, the Chinese minister approved the merger, the last one needed. The companies formally merged on September 23, 2011.
Read more about this topic: National Semiconductor
Famous quotes containing the words acquisition, texas and/or instruments:
“Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.”
—Carolyn Edwards (20th century)
“I not only rejoice, but congratulate my beloved country Texas is reannexed, and the safety, prosperity, and the greatest interest of the whole Union is secured by this ... great and important national act.”
—Andrew Jackson (1767–1845)
“But when to mischiefmortals bend their will,
How soon they find fit instruments of ill!”
—Alexander Pope (1688–1744)