Texas Instruments Closes Acquisition of Unitrode Corporation
Dallas (October 15, 1999) - Texas Instruments Incorporated (NYSE:TXN) today completed its previously announced acquisition of Unitrode Corporation (NYSE:UTR) in a stock-for-stock transaction to strengthen TI's analog catalog portfolio of standard products. Unitrode is a major designer and supplier of power supply control, interface and battery management components - all rapidly growing technologies necessary for portable devices, power systems and interface applications.
With this acquisition, TI expects to offer a broader range of high-performance products into both existing and new markets. Combining Unitrode's leadership and expertise in power supply control and battery management with TI's strength in programmable digital signal processing will bring customers a more complete solution and faster time to market.
will continue to operate from its headquarters in Merrimack, New Hampshire,
as a wholly owned subsidiary of TI.