Private Investors to Acquire Freescale for $17.6 Billion

A private equity consortium will acquire Freescale Semiconductor (NYSE: FSL) for $17.6 billion. The consortium includes The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.



The deal announced on 15-September-2006 values Freescale at $40 per share in cash, representing a premium of approximately 36% over Freescale's average closing share price during the 30 trading days ended September 8, 2006.



Freescale became a publicly traded company in July 2004 following a spin-off from Motorola. The company is based in Austin, Texas, and has design, research and development, manufacturing or sales operations in more than 30 countries.

http://www.freescale.com