DALLAS, Sept. 21, 2011 /PRNewswire/ -- Texas Instruments
Incorporated (TI) (NYSE: TXN) and National Semiconductor (NYSE:
NSM) today announced that TI's proposed acquisition of National has
cleared all required regulatory reviews, moving the companies
closer to the transaction close.
The companies expect the transaction to be complete on
September 23, just slightly ahead of
the six- to nine-month timeframe originally anticipated when the
acquisition was announced on April 4.
Forward-Looking Statements
This release includes forward-looking statements intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by phrases
such as the companies "expect" or other words or phrases of similar
import. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements,
including the ability of TI and National to consummate the proposed
merger and the satisfaction of the conditions precedent to such
consummation, and the other risks and important factors contained
and identified in TI's or National's most recent Annual Report on
Form 10-K and other SEC filings of the companies that could cause
actual results to differ materially from the forward-looking
statements. The forward-looking statements included in this
release are made only as of the date of this release, and TI and
National undertake no obligation to update the forward-looking
statements to reflect subsequent events or circumstances.
About TI
Texas Instruments semiconductor innovations help 80,000
customers unlock the possibilities of the world as it could be –
smarter, safer, greener, healthier and more fun. Our
commitment to building a better future is ingrained in everything
we do – from the responsible manufacturing of our semiconductors,
to caring for our employees, to giving back inside our communities.
This is just the beginning of our story. Learn more at
www.ti.com.
About National
National Semiconductor is a leader in power management
technology. Known for its easy-to-use analog integrated
circuits and world-class supply chain, National's high-performance
analog products enable its customers' systems to be more energy
efficient. Headquartered in Santa
Clara, Calif., National reported sales of $1.52 billion for fiscal 2011. Additional
information is available at www.national.com.
TXN-C
SOURCE Texas Instruments Incorporated; National
Semiconductor