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What: National Semiconductor
So what: National Semi has agreed to sell itself to TI for $25 a share in cash, 78% higher than yesterday's closing price. Both companies' boards have approved the deal, and it is expected to close in six to nine months.
Now what: The deal is likely to pass antitrust scrutiny because of the fragmented nature of the analog semi industry, which also includes STMicroelectronics NV
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.