Texas Instruments plans to purchase fellow analog chipmaker National Semiconductor for $6.5 billion, the companies announced today.
TI is paying cash for National Semi. Stockholders will get $25 per share, an $11 per share premium over the $14.07 National Semi shares closed at today. Both boards have already approved the deal. There is a "break-up fee" of $200 million.
Never knew / realized TI was that big.
P.S. First news post, let me know if I did anything wrong.