February 25, 2026 | Technology | North America | Active
On 4-Feb-26, semiconductor company Texas Instruments announced an agreement to acquire wireless connectivity chip designer Silicon Laboratories to expand its footprint in connectivity chips used across industrial and consumer end-markets. Texas Instruments will pay $231.00 per share in cash, with the offer consideration implying a 69.1% one-day takeover premium. The deal has been unanimously approved by both boards and will be financed by Texas Instruments’ existing cash and debt financing. CFO Rafael Lizardi said the incremental debt would be around $7bn, comprising investment-grade bonds and commercial paper. The deal is not subject to a financing condition. The transaction requires approval from Silicon Labs shareholders (50%); a Texas Instruments vote is not required. A preliminary proxy is expected within 25 business days, by 13-Mar-26. Regulatory approvals are also required, including antitrust and foreign investment clearances, and only HSR is explicitly referenced in the merger agreement. However, a SAMR filing requirement was confirmed on the M&A call. HSR will be filed within 30 business days (by 20-Mar-26), and foreign investment notifications within 10 days (by 14-Feb-26). The merger agreement contains customary clauses on representations, warranties, and covenants, with standard force majeure carve-outs from the MAC – war, pandemic, tariffs, and ‘trade war’. Both parties agree to ...
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