Movement Alert｜Texas Instruments Intraday Rise 3.02% in Regular Trading, Prices $2 Billion in Senior Notes to Support Silicon Laboratories Acquisition

Market Focus10-28 00:56

On October 28, Texas Instruments rose 3.02% in Regular Trading, trading at $307.11, with turnover of $668 million.

The move followed the company’s announcement that it priced $2 billion of senior unsecured notes, with proceeds mainly intended to fund part of the consideration for its acquisition of Silicon Laboratories, along with related fees and expenses.

The financing consists of four $500 million tranches maturing in 2028, 2031, 2033 and 2036, with settlement expected on November 9. The news came after Texas Instruments reported September-quarter revenue of $6.06 billion and EPS of $2.62, while guiding December-quarter revenue to $5.8 billion-$6.3 billion, above market expectations, reinforcing attention on both deal execution and improving semiconductor demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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