Silicon Laboratories, Inc. (NASDAQ:SLAB) shares are trading higher premarket on Wednesday after the company disclosed it will be acquired by Texas Instruments (NASDAQ:TXN) in an all-cash deal of about $7.5 billion.
Acquisition Terms
As per the terms, Texas Instruments will pay Silicon Labs shareholders $231 in cash for each share they own at closing.
Texas Instruments plans to finance the acquisition using a mix of cash on hand and arranged debt, with no financing contingency.
The transaction is expected to close in the first half of 2027, pending regulatory approvals and customary closing conditions.
As of December 31, Texas Instruments’ cash and cash equivalents stood at $3.2 billion.
“Silicon Labs’ leading embedded wireless …