Did Texas Instruments Just Pay Way Too Much For National Semiconductor?

Deutsche Bank analysts Believe Texas Instruments May have paid too much to Acquire National Semiconductor.
The deal valued at National Semiconductor $ 6.5 Billion, a 78% premium, and has launched of the company shares' 71% this morning. Texas Instruments shares are down are more than just 1% on the news of the deal.
Deutsche Bank's Ross Seymore does Not see this deal stimulating Growth for National Semiconductor and doesn't see the cost Any Savings for Texas Instruments, either.
From Deutsche Bank's Ross Seymore:
We view this deal as making sense for Strategic LT TXN Given ITS Recent capacity additions and the ITS stated goal of Increasing Market Share Within the analog center. HOWEVER, WE Also note That NSM's Growth has lagged in the past and Growth Via Acquisition Such large will take years Thurs materialize. While NSM's shareholders Clearly Benefit with 78% of the premium, we wonder if TXN shirt More Than Necessary. While this move will benefit concerning Analog-sector valuations in the near-term, we do expect Not Accelerating consolidation Thurs result.

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