Texas Instruments Inc., Dallas, would have a combined $3.65 billion in defined contribution assets and $1.05 billion in defined benefit assets following its acquisition of National Semiconductor Corp., Santa Clara, Calif.
The two companies on Monday announced an agreement under which Texas Instruments will purchase National Semiconductor within the next six to nine months for $6.5 billion.
Texas Instruments had $833 million in U.S. DB assets as of Dec. 31 and $2.83 billion in DC assets as of Sept. 30, according to its 10-K report and Pensions & Investments data. National Semiconductor had $216.6 million in DB assets, as of May 30, 2010, according to its 10-K report, and $820 million in 401(k) assets as of Sept. 30, according to Pensions & Investments.
Officials at Texas Instruments and National Semiconductor could not be immediately reached for comment.
