TI to Acquire Power Trends

Texas Instruments Inc., the world’s largest maker of semiconductors for cellular telephones, agreed to buy Power Trends for about $145 million in stock, seeking to expand its offerings in the power management products market. Power Trends, a closely held company based in Warrenville, Ill., will be acquired in exchange for about 1.68-million shares of Texas Instruments, valuing the transaction at about $145 million, based on TI’s Friday closing price of $86.03. Power Trends has about 230 employees. Dallas-based Texas Instruments shares rose $4.41 to close at $90.44 on the NYSE.