Texas Instruments Finalizes Acquisition of Burr-BrownAugust 27, 2000 by Jeff Shepard
Texas Instruments Inc. (TI, Dallas, TX) stated that it has finalized its $7.6-billion acquisition of Burr-Brown Corp. (Tucson, AZ). The move keeps the digital DSP company within huge profit reports in the 3G phone, DSL and consumer audio-systems markets. TI said it plans to integrate its process technologies with Burr-Brown's analog expertise to build DSL modems, optical networking, digital cameras, PDAs and digital touch screens. In return, Burr-Brown gains access to TI's CMOS and BiCMOS process technology and its sales channels. TI will issue 1.3 shares of its common stock for each outstanding share of Burr-Brown common stock, and each share of Burr-Brown stock issuable under options and convertible notes will become convertible into 1.3 shares of TI common stock. TI said it will issue about 88 million shares.