NEW YORK, April 12, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of National Semiconductor Corporation ("National Semiconductor" or the "Company") (NYSE:NSM) concerning the proposed acquisition of NSM by Texas Instruments. The all-cash transaction is valued at $6.5 billion.
The investigation concerns, among other things, possible breaches of fiduciary duty by the Company's officers and directors. Under the terms of the agreement, Texas Instruments has agreed to pay $25 per share for National Semiconductor. There is a $200 million termination fee and National Semiconductor may not solicit acquisition proposals from third parties.
National Semiconductor shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner at 212-661-1100 or 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Rachelle R. Boyle Pomerantz Haudek Grossman & Gross LLP 888-476-6529 (ext. 237) 212-661-1100 (ext. 237) rrboyle@pomlaw.com