April 5, 2011
In a combination of two industry leaders in analog semiconductors, Texas Instruments Incorporated (TI) and National Semiconductor have announced they have signed a definitive agreement under which TI will acquire National for $25 per share in an all-cash transaction of about $6.5 billion. The transaction is expected to close in six to nine months, subject to stockholder approval and regulatory clearances.
Latham & Watkins LLP is representing National Semiconductor in the transaction with a deal team led by New York corporate partner Barry Bryer, Silicon Valley partner Ora Fisher and New York partner David Kurzweil with New York associates Paul Kukish, Parul Mehta, Kama Ostoya and Mira Dewji. Advice was also provided by Silicon Valley corporate counsel Karen Eberle and Silicon Valley associates Amy Kim, Heather Bromfield and Barry Luong; San Francisco antitrust partners Daniel Wall and Hanno Kaiser, Brussels partner Susanne Zuehlke and Washington, D.C. counsel Amanda Reeves; Los Angeles benefits and compensation partner James Barrall and Silicon Valley associate Alice Chung and Los Angeles associate Sam Greenberg; San Francisco tax partner Kirt Switzer and associate Josh House; and Silicon Valley intellectual property partner Anthony Klein and associates Ritu Bhatnagar and Julia Taylor.