TI to buy Burr-Brown

Texas Instruments Inc. announced June 21 that it will acquire Burr-Brown Corp. (Tucson, Ariz.) for approximately $7.6 billion in stock. TI will issue 1.3 common shares for each outstanding common share of Burr-Brown, or approximately 88 million shares at a 56% premium to Burr-Brown's shareholders.

By Staff July 1, 2000

Texas Instruments Inc. announced June 21 that it will acquire Burr-Brown Corp. (Tucson, Ariz.) for approximately $7.6 billion in stock. TI will issue 1.3 common shares for each outstanding common share of Burr-Brown, or approximately 88 million shares at a 56% premium to Burr-Brown’s shareholders. Both companies’ boards have already approved the deal, which is expected to close in 3Q00. TI states the acquisition will strengthen its position in the data converter and amplifier segments of the analog semiconductor market. Burr-Brown designs highest-end, precision data converters, including 24-bit products. It will become part of TI’s catalog Analog organization, joining Unitrode Corp. and Power Trends, which TI acquired in 1999.