National Semiconductor Stockholders Approve Acquisition by Texas Instruments

SANTA CLARA, Calif., June 21, 2011 — (PRNewswire) — National Semiconductor Corporation (NYSE: NSM) announced that at a special meeting of National's stockholders held today, the stockholders approved the adoption of the merger agreement by and among National, Texas Instruments Incorporated and Orion Merger Corp., a subsidiary of TI ("Merger Sub"). Pursuant to the merger agreement, Merger Sub will be merged with and into National, with National as the surviving corporation and a subsidiary of TI, in exchange for the payment to National's stockholders of $25.00 per share in cash.

Of the 251,491,740 shares of National common stock outstanding as of the record date for the special meeting, 189,975,469 shares, or approximately 75.5% of National's outstanding common stock, were represented at the special meeting in person or by proxy. An aggregate of 188,912,944 shares, or approximately 75.1% of National's outstanding common stock, were voted in favor of the adoption of the merger agreement. Adoption of the merger agreement required an affirmative vote of a simple majority of the National's outstanding common stock.

The completion of the merger remains subject to the satisfaction of certain closing conditions, including the receipt of foreign regulatory approvals, and National and TI continue to expect that the merger will close by the end of calendar 2011.

About National Semiconductor

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.


Media Contact:

Financial:

Lee Ann Schlatter

Mark Veeh

(408) 721-7680

(408) 721-5007

Email Contact

Email Contact




SOURCE National Semiconductor Corporation

Contact:
National Semiconductor Corporation
Texas Instruments Incorporated
Orion Merger Corp.
Web: http://www.national.com




Review Article Be the first to review this article
CST Webinar Series

EMA:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Retail Therapy: Jump starting Black Friday
Peggy AycinenaIP Showcase
by Peggy Aycinena
REUSE 2016: Addressing the Four Freedoms
More Editorial  
Jobs
Manager, Field Applications Engineering for Real Intent at Sunnyvale, CA
AE-APPS SUPPORT/TMM for EDA Careers at San Jose-SOCAL-AZ, CA
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
ACCOUNT MANAGER MUNICH GERMANY EU for EDA Careers at MUNICH, Germany
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Upcoming Events
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017
CST Webinar Series



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy