Texas Instruments to Sell Unit for $3B
An AP newswire article, via SFGate.com, reports that:
Texas Instruments Inc., one of the world's oldest and largest chip makers, said Monday it is selling its sensors and controls business for $3 billion in cash to Bain Capital LLC, a private investment firm.
The sensor unit supplies engineered sensors and controls to the automotive, aircraft and appliance industries among others. The business is headquartered in Attleboro, Mass. It has about 5,400 employees in the Americas, Europe and Asia, and more than $1 billion in annual revenue.
posted by Fergie @ 1/09/2006 07:55:00 AM
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