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To: Hawkmoon who wrote (4272)	6/20/1999 1:00:00 PM
From: FreedomForAll	Read Replies (1) \| Respond to of 6180

How about TI (TXN) news? EL AVIV, June 20 (Reuters) - Texas Instruments (TI) will buy Israel's Libit Signal Processing for $329 million, Discount Investment Corp , a shareholder in Libit, said on Sunday. In a statement to the Tel Aviv Stock Exchange, Discount said that Texas Instruments would pay $315 million to Libit shareholders, with the remainder being paid to holders of Libit warrants. Libit makes chips for the cable modem, set-top box and digital television markets, empowering high-speed Internet access. "Texas Instruments wants to be in the market of sophisticated chips," a financial source in Tel Aviv said, explaining the reason behind the acquisition. Earlier this year Lucent Technologies Inc had sought to acquire Libit for $260 million. But according to the source a deal was never finalised and TI stepped in after talks with Lucent broke off.