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Texas Instruments announced on June 21, 2000, that it had agreed to acquire Burr-Brown in a stock-for-stock transaction valued at approximately $7.6 billion. The proposed exchange was 1.3 TI shares for each Burr-Brown share—not a $7.6 billion cash payment. The available records establish the announcement and a later antitrust waiting-period notice, but do not confirm the merger’s closing date.

What TI announced

TI’s June 21, 2000 announcement described an agreement to acquire Tucson-based Burr-Brown Corporation. The approximately $7.6 billion valuation was calculated using TI’s closing share price that day, so it was an announcement-date estimate of the stock consideration rather than a fixed cash purchase price. TI said the exchange ratio represented an approximately 56% premium over Burr-Brown’s June 21 closing price. TI announcement; TI Form 8-K.

The agreement specified 1.3 shares of TI common stock for each outstanding Burr-Brown common share. The eventual dollar value received by shareholders would therefore depend on TI’s share price; the announcement’s $7.6 billion figure should not be read as a final delivered amount.

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What Burr-Brown made

Burr-Brown supplied high-performance analog and mixed-signal integrated circuits, particularly data converters and amplifiers used for data conversion and signal conditioning. TI’s announcement highlighted converter products with precision up to 24 bits. Such components served electronic systems in communications, computing, industrial and consumer applications. TI announcement; TI external Q&A.

Why TI said it wanted the company

TI presented the acquisition as a way to broaden its high-performance analog business and complement its digital signal-processing (DSP) products. Chairman, President and CEO Tom Engibous said at the time, “We are as serious about analog as we are about DSP.” He also said Burr-Brown’s product position would accelerate TI’s data-converter roadmap by several years. These were management’s strategic claims and expectations, not evidence that the projected benefits were later achieved. TI announcement.

TI’s external Q&A characterized the companies’ product portfolios as essentially non-overlapping. It said TI expected to apply its process technology to Burr-Brown products and use Burr-Brown’s Tucson manufacturing facility to support the business. TI also said the combination could give Burr-Brown products access to new applications through TI’s DSP strength. Those statements describe TI’s rationale and plans at announcement time. TI external Q&A.

What the historical figures mean

Figure What it refers to
Approximately $7.6 billion TI’s June 21, 2000 announcement-date valuation, based on TI’s closing share price that day; not a stated cash price. TI announcement; TI Form 8-K.
1.3 TI shares per Burr-Brown share The exchange ratio in the proposed transaction announced June 21, 2000. TI announcement; TI Form 8-K.
Approximately 56% premium TI’s calculation using the companies’ June 21, 2000 closing share prices. TI announcement.
$291 million Burr-Brown revenue 1999 revenue, as reported in TI’s 2000 external Q&A. TI external Q&A.
25% data-converter growth; 45% amplifier growth Estimates for 2000 attributed by TI’s June 21 announcement to the Semiconductor Industry Association. These are period estimates, not current market forecasts. TI announcement.
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What the regulatory record does—and does not—show

TI’s June 29, 2000 Form 8-K said the merger was subject to Burr-Brown stockholder approval, expiration or early termination of the Hart-Scott-Rodino waiting period, and comparable requirements in other countries. The Federal Trade Commission’s record lists TI as the acquiring party and Burr-Brown as the acquired party, with an early-termination notice marked “Granted” on July 31, 2000. That shows the waiting period was ended early; it does not, by itself, establish that the merger closed. The records cited here do not confirm the closing date or final delivered consideration. TI Form 8-K; FTC early-termination notices.

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Quick Recap

Bestseller No. 3
Burr Brown OPA134PA Operational Amplifier (Pack of 2)
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Juried Engineering OPA134PA OPA134 - Mono HiFi SoundPlus High Performance Audio Operational Amplifiers Op-Amp Breadboard-Friendly (Pack of 1)
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Superior Sound Quality and High Open-Loop Gain: 120 dB (600 Ω); Ultra Low Distortion: 0.00008% and Wide Supply Range: ±2.5 V to ±18 V
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Bestseller No. 5
Burr-Brown INA122P Precision Instrumentation Amplifier – 8-Pin DIP – Low Power Signal Amplifier
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Genuine Burr-Brown INA122P instrumentation amplifier; Precision analog signal amplification with low power consumption
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Best Value
Burr-Brown INA122P Precision Instrumentation Amplifier – 8-Pin DIP – Low Power Signal Amplifier
  • Genuine Burr-Brown INA122P instrumentation amplifier
  • Precision analog signal amplification with low power consumption
  • 8-pin DIP package for breadboards or socketed PCBs
  • High common-mode rejection ratio (CMRR) for noise immunity
  • Low input offset voltage for accurate signal measurement
Rank #4
Juried Engineering OPA134PA OPA134 - Mono HiFi SoundPlus High Performance Audio Operational Amplifiers Op-Amp Breadboard-Friendly (Pack of 1)
  • Superior Sound Quality and High Open-Loop Gain: 120 dB (600 Ω)
  • Ultra Low Distortion: 0.00008% and Wide Supply Range: ±2.5 V to ±18 V
  • Low Noise: 8 nV/√Hz
  • True FET-Input: IB = 5pA
  • High Speed: Slew Rate: 20 V/µs Bandwidth: 8 MHz
Rank #3
Burr Brown OPA134PA Operational Amplifier (Pack of 2)
  • Superior Sound Quality
  • Ultra Low Distortion: 0.00008%
  • Low Noise: 8 nV/√Hz
  • True FET-Input: IB = 5pA
  • High Open-Loop Gain: 120 dB (600 Ω)

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