Date: 24th May 2011
U.S. antitrust review ends for TI acquisition
of National Semiconductor
Texas Instruments Incorporated (TI) and National Semiconductor
have announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 relating to TI's proposed
acquisition of National Semiconductor has expired without
a request for additional information by the U.S. Department
of Justice or the Federal Trade Commission.
The transaction still requires approval by National Semiconductor
stockholders and regulatory clearance from seven non-U.S.
Both companies continue to expect the transaction to close
by the end of the year.