DALLAS, USA: Kendall Law Group, led by former federal judge Joe Kendall, is investigating National Semiconductor Corp. for shareholders in connection with the proposed acquisition by Texas Instruments Inc.
The national securities firm’s investigation seeks to determine whether National Semiconductor and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.
On April 4, 2011, the companies announced the definitive merger agreement under which National Semiconductor would be acquired by Texas Instruments, in a transaction valued at approximately $6.5 billion. Under the terms of the agreement, National Semiconductor stockholders will receive $25.00 in cash for each share of National Semiconductor/NSM common stock held. The firm’s investigation seeks to determine whether National Semiconductor and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.