U.S. Antitrust Review Ends for TI Acquisition of National Semiconductor
Texas Instruments Inc. (TI) and National Semiconductor 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. jurisdictions. Both companies continue to expect the transaction to close by the end of the year.