Friday, September 15, 2006

Freescale to be bought by Blackstone, Texas Pacific, Carlyle Group

Via The Austin American-Statesman's "The Ticker" Blog.

Freescale Semiconductor, Inc., said today that it has entered into a definitive merger agreement to be acquired by a private equity consortium in a transaction with a total equity value of $17.6 billion.

The consortium is led by The Blackstone Group, and includes The Carlyle Group, Permira Funds and Texas Pacific Group.

More here.

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