Texas Instruments : National Semiconductor Dealogic Deal # : 739052
Data as of : 4/4/2011
Target Acquiror Dates & Values
National Semiconductor Texas Instruments
Target: 100 % stake Buying: 100 % stake Rumored - Deal Value $m 6,492.3
NY NSM 243 m shares outstanding Public (Listed) Announced 4th Apr 2011 Value ex Debt $m 6,350.0
United States United States
Technology Technology Expected 3Q 2011 Consideration
Qatalyst Partners | Advisor Morgan Stanley | Advisor Completed -
Qatalyst Partners | Fairness Opinion
Withdrawn -
Termination Fee, Target $m tbd
Termination Fee, Acquiror $m tbd
Financials 27th Feb 2010
Balance Sheet Debt/Equity: 2.3
Timeline Events Premiums & Multiples
Initial Offer $25.00
Current Offer $25.00
Income Statement
Cash Flows
Operations $m 384
Profitability
Profit Margin 29%
Return on Equity 48%
League Table Impact Sector Trend
2011 YTD Announced Global M&A by Deal Value, $bn Monthly Announced Global M&A, $bn: Technology
1 JPMorgan 217.1
2 Goldman Sachs 188.8
3 Morgan Stanley 181.6
4 Credit Suisse 159.3
5 Citi 143.0
6 Deutsche Bank 139.3
7 BOA Merrill Lynch 131.9
8 Lazard 113.0
9 Barclays Capital 104.8
10 UBS 96.6
31 Qatalyst Partners 10.1
2011 Dealogic. All rights reserved.