Freescale Semiconductor, Inc. (NYSE:FSL) (NYSE:FSL.B), a global leader in the design and manufacture of embedded semiconductors for wireless, networking, automotive, consumer and industrial markets, said today that it is in discussions with parties relating to a possible business transaction.
There can be no assurances that any transaction will result from these discussions.
To protect the interests of its stockholders, employees and customers, Freescale said that it will not comment further on these discussions unless and until it is appropriate to do so.
According to the NY Times, the potential investors include Texas Pacific Group, Blackstone Group, and Permira. Carlyle Group and Bain Capital could also join the group. The buyout may be over $16 billion. Also according to the NY Times, Kohlberg Kravis Roberts & Company and Silver Lake Partners submitted an 11th hour offer for Freescale, but the bid may have been too low.
About Freescale Semiconductor
Freescale Semiconductor, Inc. (NYSE:FSL) (NYSE:FSL.B) is a global leader in the design and manufacture of embedded semiconductors for the automotive, consumer, industrial, networking and wireless markets. Freescale became a publicly traded company in July 2004. The company is based in Austin, Texas, and has design, research and development, manufacturing or sales operations in more than 30 countries. Freescale, a member of the S&P 500(R), is one of the world’s largest semiconductor companies with 2005 sales of $5.8 billion (USD).
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