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TI ANNOUNCES REDEMPTION OF REMAINING $2.26 DEPOSITARY SHARES

 DALLAS, Aug. 26 /PRNewswire/ -- Texas Instruments Incorporated (NYSE: TXN) today said that 3,714,000 of the company's $2.26 depositary shares, representing all depositary shares not previously called for redemption, will be redeemed on Sept. 27, 1993. Each depositary share represents one-quarter of a share of the company's Series A conversion preferred stock. This will be the third and final redemption. As previously announced, TI redeemed 3,700,000 depositary shares on June 25, 1993, and will redeem another 3,700,000 depositary shares on Sept. 10, 1993. After the redemption on Sept. 27, 1993, no depositary shares will remain outstanding.
 TI had noted in its second-quarter report to stockholders that the higher the common stock price, the more likely the company would redeem additional depositary shares.
 The redemption of the 3,714,000 depositary shares reflects the simultaneous redemption of 928,500 shares of Series A conversion preferred stock.
 For each depositary share called for redemption, the holder will receive 0.492371 of a share of the company's common stock plus $0.357833 in cash. This consideration represents the call price of $40.362096 per depositary share (payable in common stock at $81.975 per common share) plus an amount in cash equal to the accrued and unpaid dividend from Aug. 1 through Sept. 27, 1993.
 The total number of shares of common stock deliverable upon the redemption of the 3,714,000 depositary shares is 1,828,665. There is no adverse effect on per-share earnings resulting from the redemption since the depositary shares have been included in earnings-per-share computations as common stock equivalents when dilutive.
 Depositary shares may be submitted either by hand to Harris Trust and Savings Bank, 311 West Monroe St., Securities Window-11th Floor, Chicago, or to Harris Trust Company of New York, 77 Water St., Receiving Window-5th Floor, New York; or by mail to Harris Trust and Savings Bank, Attention: Corporate Trust Operations, P.O. Box 830, Chicago, Ill. 60690-0830.
 -0- 8/26/93 R
 /NOTE TO EDITORS: Texas Instruments Incorporated, headquartered in Dallas, is a high-technology company with sales or manufacturing operations in more than 30 countries. TI products and services include semiconductors, defense electronics systems, software productivity tools, computers and peripheral products, custom engineering and manufacturing services, electrical controls, metallurgical materials, and consumer electronic products./
 /CONTACT: Terri West of Texas Instruments Incorporated, 214-995-3481/
 (TXN)


CO: Texas Instruments Incorporated ST: Texas IN: CPR SU:

SM -- NY007 -- 6433 08/27/93 01:00 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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