US antitrust review ends for TI acquisition of National Semiconductor

DALLAS, USA: 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 US Department of Justice or the Federal Trade Commission.

The transaction still requires approval by National Semiconductor stockholders and regulatory clearance from seven non-US jurisdictions. Both companies continue to expect the transaction to close by the end of the year.