Freescale Semiconductor to be Acquired
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).
Freescale(TM) and the Freescale logo are trademarks of Freescale Semiconductor, Inc. The Power Architecture and Power.org wordmarks and the Power and Power.org logos and related marks are trademarks and service marks licensed by Power.org.
If you found this page useful, bookmark and share it on:
Possibly of Interest
- Blackstone Group Led Consortium Acquires Freescale for $17.6 Billion
- Freescale Selects Synopsys EDA Tools for Functional Verification
- Freescale Semiconductor to Acquire SigmaTel
- Freescale Joins IBM Technology Alliance for Semiconductor Research
- Freescale Adds Windows Mobile Support to MXC Cellular Platform
If you are familiar with RSS feeds, you can also sign up for our free news feed. Our RSS feed is updated in real-time while our newsletter is updated daily.
