Silicon Labs Stock Rockets On Texas Instruments Buyout

Silicon Labs Stock Rockets On Texas Instruments Buyout | Investor's Business DailyBREAKING: [Eli Lilly Surges As Obesity Drugs Fuel Strong Earnings, Guidance]---Texas Instruments (TXN) on Wednesday announced a deal to buy Silicon Labs (SLAB) for $7.5 billion in cash. Silicon Labs stock rocketed on the news. Under the agreement, Texas Instruments will purchase Silicon Labs for $231 a share. Silicon Labs stock ended regular-session trading Tuesday at 136.62. News of the deal leaked after the market close Tues ...